Lánamál ríkisins - Company Announcement

Auction of Treasury bills RIKV 11 0516 and RIKV 11 0815

On Friday, 11 February at 11:00 the Government Debt Management will conduct an
auction of Treasury bills RIKV 11 0516 and RIKV 11 0815 which matures on 16 May
and 15 August 2011. 

The GDM reserves the right to accept all of the submitted bids, part of them or
reject all of them. Only primary dealers in Treasury securities are authorised
to submit bids in this auction. They also submit bids on behalf of investors.
The minimum amount of each bid is 1 m.kr. nominal value. 

The auction will be structured as a single-price auction, which means that all
accepted bids will be sold to primary dealers at the same price. The lowest
accepted price (highest yield) will determine the selling price. In other
respects, reference is made to the Terms of Invitation to Tender, which
accompany this press release. 

The payment and settlement date is Tuesday, 15 February 2011.

The Treasury bills above will be listed on the NASDAQ OMX in Iceland on
Wednesday, 16 February 2011.

Attachments:

News_RIKV11_110208.pdf

Aution_terms_RIKV11_1100208.pdf