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

Landsbankinn hf.: Covered bond offering results

Today,  Landsbankinn concluded  a covered  bond auction  where three series were
offered for sale.

In  total, 27 bids  were received  in the  auction for  the total  amount of ISK
7,100m.

A  bid for ISK 200m was received in  the series LBANK CB 21 at 5.27% yield which
was not accepted.

A  total of 11 bids for  ISK 3,540m were received in  the series LBANK CBI 24 at
2.55%-2.63% yield.  All  bids  were  accepted  at 2.63% yield. Following the tap
issuance, the total amount issued in the series will be ISK 6,280m.

A  total of 15 bids for  ISK 3,360m were received in  the series LBANK CBI 28 at
2.53%-2.58% yield.  All  bids  were  accepted  at 2.58% yield. Following the tap
issuance, the total amount issued in the series will be ISK 14,240m.

The bonds are scheduled to be admitted to trading on Nasdaq Iceland on 22 August
2017. Arion banki, Islandsbanki and Kvika act as market makers for covered bonds
issued by Landsbankinn.

The  covered bonds are  issued in accordance  with a license  from the Financial
Supervisory  Authority (FME), with reference to act. no. 11/2008 and FME's rules
no.  528/2008. Further information on the bonds  and the cover pool is available
on Landsbankinn's website, www.landsbankinn.is/covered-bonds.

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