Íslandsbanki hf. - Company Announcement

Islandsbanki hf. : Upcoming covered bond auction

Íslandsbanki hf. will be holding an auction on covered bonds Tuesday 9(th)
February 2016.  The CPI-linked issues ISLA CBI 22 and ISLA CBI 26 will be
offered to investors.

A domestic issuance plan may be found on the Bank's website:
https://www.islandsbanki.is/english/investor-relations/funding/covered-bonds/

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.


[HUG#1984097]