Íslandsbanki hf. - Company Announcement

Islandsbanki hf: Upcoming commercial paper auction 6th October

Íslandsbanki hf. will be holding a private placement on commercial paper
Thursday 6(th) October 2016.  The 3-month series ISLA 17 0119 and the 6-month
series ISLA 17 0412 will be offered to investors. The issues are expected to be
listed on Nasdaq Iceland on 12 October.

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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