Landsbankinn hf. - Company Announcement

Landsbankinn hf. concludes bill auction

Today Landsbankinn hf. concluded a closed auction of an existing series, LBANK
160711 and a new series, LBANK 160810. 

Total offers for bills in the auction were for the amount of ISK 2,780m and
offers in the series LBANK 160711 for the amount of ISK 1,700m were accepted at
a simple rate of 6.57% equal to the price of 97.3009 and offers in the series
LBANK 160810 for the amount of ISK 900m were accepted at a simple rate of 6.59%
equal to the price of 96.7758. 

Application has been made for the bills to be admitted to trading on Nasdaq
Iceland on 10 February 2016. 

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