Landsbankinn hf. - Company Announcement

Landsbankinn hf. concludes bill auction

Today Landsbankinn hf. concluded a closed auction of an existing series, LBANK
160912 and a new series, LBANK 161010. 

Total offers for bills in the auction were for the amount of ISK 2,920m and
offers in the series LBANK 160912 for the amount of ISK 720m were accepted at a
simple rate of 6.49% equal to the price of 97.2987 and offers in the series
LBANK 161010 for the amount of ISK 400m were accepted at a simple rate of 6.49%
equal to the price of 96.8232. 

Application has been made for the bills to be admitted to trading on Nasdaq
Iceland on 11 April 2016. 

Further information on the bills is available on Landsbankinn‘s website,
www.landsbankinn.com/bills.