Lánamál ríkisins - Company Announcement

Fitch Ratings report on Iceland

Fitch Ratings issued today a report on the Republic of Iceland. The report
comes following their upgraded rating for sovereign foreign long-term debt on
17 February. With that change the rating moved up to investment grade.
Iceland's credit rating is BBB-and BBB for foreign and domestic long-term debt
and F3 for domestic short-term debt. The outlook is stable.

Attachments:

Iceland_Credit Analysis_February 2012.pdf