Íslandsbanki hf. - Other information disclosed according to the rules of the Exchange

Islandsbanki hf.: Concludes commercial paper offering

Íslandsbanki hf. has today offered 6 and 12 month commercial paper to investors.
Offers  totaling ISK  4,840 million were  received and  offers worth  ISK 1,960
million were accepted.

The nominal amount sold in the 6-month series was 1,700m at a 5.15% simple rate.
Total offers received amounted to ISK 3,840 million at rates of 5.05% - 5.35%.

The  nominal amount sold in the 12-month series was 260m at a 5.31% simple rate.
Total offers received amounted to ISK 1,000 million at rates of 5.29% - 5.50%.

The  commercial papers are scheduled to be admitted to trading on Nasdaq Iceland
23 May.

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.


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