Lánamál ríkisins - Company Announcement

Results of additional issuance

Auction of Treasury bonds RIKB 20 0205 and RIKB 31 0124 Additional Issuance

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds,
the Government Debt Management offered the equivalent of 10% of the nominal
value sold in the auction 9 September, at the price of accepted bids. This time
Primary Dealers did exercise their right to purchase 140,000,000 kr. in RIKB 31
0124 nominal value but did not exercise their right to purchase in RIKB 20
0205. Total outstanding nominal value of RIKB 20 0205 after the auction is now
54,896,000,000 kr. and 95,420,400,000 kr. in RIKB 31 0124. Settlement date is
14 September 2016.