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

Íslandsbanki hf.: Fitch affirms BBB rating with stable outlook

Today, Fitch Ratings has affirmed Íslandsbanki's ratings of BBB/F3 with a stable
outlook.

According to Fitch, the ratings for Íslandsbanki reflect the Bank's leading
domestic position with a market share of around 30 per cent and the Bank's
satisfactory asset quality, stable liquidity position and high reported capital
ratios.

Furthermore, Fitch notes that Íslandsbanki's strategy to target continued
organic growth in Iceland, combined with its sound risk management framework,
will continue to strengthen the Bank's asset quality, with the Bank having seen
a sharp decline in its non-performing loans since 2010.

For further information:

Investor Relations - Gunnar S. Magnusson, ir@islandsbanki.is and tel:
+354 440 4665.


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