Landsbankinn hf. - Company Announcement

Landsbankinn hf. concludes bill auction

Today Landsbankinn hf. concluded a closed auction of an existing series, LBANK
161010 and a new series, LBANK 161110. 

Total offers for bills in the auction were for the amount of ISK 4,440m.

Offers in the series LBANK 161010 for the amount of ISK 1.100m were accepted at
a simple rate of 6.45% equal to the price of 97.3319 and offers in the series
LBANK 161010 for the amount of ISK 1.420m were accepted at a simple rate of
6.49% equal to the price of 96.7894. 

Application has been made for the bills to be admitted to trading on Nasdaq
Iceland on 10 May 2016. 

Further information on the bills is available on Landsbankinn‘s website,
www.landsbankinn.com/bills.