Landsbankinn hf. - Company Announcement

Landsbankinn hf.: Annual General Meeting 2015

The Annual General Meeting (AGM) of Landsbankinn for the year 2014 was held at
Hilton Reykjavík Nordica on 18 March. The agenda for the meeting was regular
AGM business. The AGM re-elected all members of the Board of Directors and
Tryggvi Pálsson was re-elected Chairman of the Board. The Directors of the
Board are Tryggvi Pálsson, Danielle Pamela Neben, Eva Sóley Guðbjörnsdóttir,
Helga Björk Eiríksdóttir, Jóhann Hjartarson, Jón Sigurðsson and Kristján Þ.
Davíðsson. Alternates are Árni G. Hauksson and Tinna Laufey Ásgeirsdóttir. 

The AGM approved the motion of the Board of Directors to pay shareholders a
dividend amounting to ISK 1.00 per share for the accounting year 2014 or ISK
23.7 bn. which is equivalent to 80% of the year's profit. The dividend payment
will be made on 25 March 2015. 

The AGM further agreed to authorise Landsbankinn hf. to acquire up to 10%
nominal value of share capital in the Bank. This authorisation is valid until
the AGM of Landsbankinn hf. 2016. Allocation by Landsbankinn hf. of own shares
purchased based on this authorisation is subject to approval of a shareholders'
meeting. The minimum and maximum amounts Landsbankinn hf. is authorised to pay
for each share shall be equivalent to the ratio of equity held by the Bank's
shareholders to share capital as disclosed in the most recent annual or interim
financial statement published prior to the purchase of own shares. 

The Icelandic National Audit Office (Rikisendurskodun) was elected as the
company's auditor for the 2015 financial year. It shall also be noted that the
Icelandic National Audit Office has concluded an agreement with Grant Thornton
endurskodun ehf. on the audit of the company´s annual accounts and the review
of its interim accounts. 

All further information about the results of Landsbankinn's AGM is available on
www.landsbankinn.is/adalfundur The report from the Board of Directors, the
Chairman's speech and other information presented at the AGM will be made
available online. 

Further information:

Kolbrún Guðlaugsdóttir, pr@landsbankinn.is 410 4014 eða 862 3679

Attachments:

Landsbankinn_Results of AGM 2015.pdf