Íslandsbanki hf. - Other information disclosed according to the rules of the Exchange

Islandsbanki hf.: Concludes commercial paper offering

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors.
Offers  totaling ISK  2,960 million were  received and  offers worth  ISK 1,040
million were accepted.

The  nominal amount sold in the 6-month  series was 820m at a 4.56% simple rate.
Total offers received amounted to ISK 2,140 million at rates of 4.50% - 4.70%.

The  nominal amount sold in the 12-month series was 220m at a 4.69% simple rate.
Total offers received amounted to ISK 820 million at rates of 4.60% - 4.95%.

The  commercial papers are scheduled to be admitted to trading on Nasdaq Iceland
12 September.

For further information:

  * Investor Relations - Tinna Molphy, ir@islandsbanki.is and tel:
    +354 440 3187.
  * Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel:
    +354 440 4005.


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