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

Islandsbanki hf.: Íslandsbanki completes commercial paper offering

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors.
Offers  totaling ISK  5,660 million were  received and  offers worth  ISK 1,000
million were accepted.

The  nominal amount sold in the 6-month  series was 480m at a 5.30% simple rate.
Total offers received amounted to ISK 3,880 million at rates of 5.24% - 5.50%.

The  nominal amount sold in the 12-month series was 520m at a 5.60% simple rate.
Total offers received amounted to ISK 1,780 million at rates of 5.40% - 5.78%.

The  commercial papers are scheduled to be admitted to trading on Nasdaq Iceland
19 January.

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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