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

Landsbankinn hf.: Covered bond offering results

Today,  Landsbankinn concluded  a covered  bond auction  where three series were
offered for sale.

In  total, 21 bids  were received  in the  auction for  the total  amount of ISK
4,060m.

A  total  of  7 bids  for  ISK  780m were  received in the series LBANK CB 21 at
5.41%-5.49% yield. Bids for the amount of ISK 480m were accepted at 5.45% yield.
Following  the tap issuance, the  total amount issued in  the series will be ISK
4,680m.

A  total of  5 bids for  ISK 420m were  received in  the series  LBANK CBI 24 at
2.61%-2.65% yield. Bids for the amount of ISK 320m were accepted at 2.62% yield.
Following  the tap issuance, the  total amount issued in  the series will be ISK
6,600m.

A  total of 9 bids  for ISK 2,860m were  received in the  series LBANK CBI 28 at
2.60%-2.64% yield.  All  bids  were  accepted  at 2.64% yield. Following the tap
issuance, the total amount issued in the series will be ISK 17,100m.

The  bonds are  scheduled to  be admitted  to trading  on Nasdaq  Iceland on 19
September  2017. Arion banki,  Islandsbanki and  Kvika act  as market makers for
covered bonds issued by Landsbankinn.

The  covered bonds are  issued in accordance  with a license  from the Financial
Supervisory  Authority (FME), with reference to act. no. 11/2008 and FME's rules
no.  528/2008. Further information on the bonds  and the cover pool is available
on Landsbankinn's website, www.landsbankinn.is/covered-bonds.


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