Lánamál ríkisins - Company Announcement

Results of additional issuance

Auction of Treasury bonds RIKB 31 0124 Additional Issuance

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds,
the Government Debt Management offered the equivalent of 10% of the nominal
value sold in the auction 21 November, at the price of accepted bids. This time
Primary Dealers did exercise their right to purchased 260 m.kr in RIKB 31 0124
additional issues.  Therefore the total amount of bonds issued in this auction
in RIKB 31 0124 is 4,715  m.kr. in nominal value. Total outstanding nominal
value of RIKB 31 0124 after the auction is now 78,251,400,000 kr. Settlement
date is 26 November 2014.