Íslandsbanki hf. - Changes board/management/auditors

Islandsbanki hf. : Change in Board of Directors

Dr. Þóranna Jónsdóttir has resigned from the board of directors of Íslandsbanki
hf. Alternate board member Gunnar Fjalar Helgason will take a seat on the board
in her place.

For further information:

  * Investor Relations - Guðbjörg Birna Björnsdóttir, ir@islandsbanki.is and
    tel: +354 440 4752.
  * Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is and tel
    +354 440 4005.


[HUG#1955032]