Landsbankinn hf. - Company Announcement

Landsbankinn hf. completes bill auction

Today Landsbankinn hf. concluded a closed auction of LBANK 16 0310, bills
scheduled to be admitted to trading on Nasdaq Iceland. The maturity of the
bills is 10 March 2016. 

Total offers for bills in the auction were for the amount of ISK 5.020m and
offers for the amount of ISK 1.300m were accepted at a simple rate of 6,40%
equal to the price of 97,2847. 

Application has been made for the bills to be admitted to trading on Nasdaq
Iceland on 5 October 2015. 

Further information on the bills is available on Landsbankinn‘s website,
www.landsbankinn.com/bills.