Lánamál ríkisins - Company Announcement

Issuance of RIKS 33 0321 in foreign exchange auction

Today, 10 February 2015, an auction was held by The Central Bank of Iceland in
which the Bank offered to purchase euros versus payment in the indexed Treasury
series RIKS 33 0321. This measure is an element in the removal of restrictions
on capital account transactions and will reduce the annual Treasury's
refinancing need. Bonds sold in the series amounted to 354,655,174 kr. nominal
value. 

The accepted exchange rate in the auction was 178 krona for each Euro.

Bids submitted at the price of 178 krona pr. Euro were reduced proportionally
by 44.1011%. 

On 6 February the fixed price for this Treasury bond was announced as
112.785619 kr. with accrued interest and indexation (e. dirty price) with a
settlement date of 13 February 2015 (yield 2.88%)1 



1 Clean price being 101.67