Íslandsbanki hf. - Company Announcement

Islandsbanki hf.: Upcoming commercial paper auction Thursday 12th May

Íslandsbanki hf. will be holding a private placement on commercial paper
Thursday 12(th) May 2016.  The 3-month series ISLA 16 0815 and the 6-month
series ISLA 16 1124 will be offered to investors. Trading is expected to
commence on 20 May 2016 on Nasdaq Iceland.

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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