Íslandsbanki hf. - Company Announcement

Islandsbanki hf.: Upcoming commercial paper auction 18 November

Íslandsbanki hf. will be holding a private placement on commercial paper Friday
18 November 2016. This is a change from 17 November as planned in the banks
issuance calendar.  The 6-month series ISLA 17 0523 and the 12-month series ISLA
17 1121 will be offered to investors. The issues are expected to be listed on
Nasdaq Iceland on 24 November.

Íslandsbanki Capital Markets will manage the auction. For further information,
please call +354 440 4490 or email vbm@isb.is.

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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