Landsbankinn hf. - Company Announcement

Offering of covered bonds issued by Landsbankinn

Landsbankinn will offer covered bonds for sale via private placement on
Tuesday, 17 November at 16:00. The proposed issuance will be a tap into an
inflation-linked series already listed on Nasdaq Iceland, LBANK CBI 22. 

Landsbankinn Capital Markets will manage the auction. For further information,
please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.