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Íslandsbanki: Correction of final terms for covered bonds ISLA CBI 19 and ISLA CBI 24

In the final terms published 7 March 2011 for covered bonds ISLA CBI 19 and ISLA CBI 24, section B of the final terms for ISLA CBI 19 was published in the final terms of ISLA CBI 24 and vice versa. Please find attached the correct final terms for both covered bonds ISLA CBI 19 and ISLA CBI 24.

In addition, in section 17 xiii regarding the issuances’ base index, the decimal places were increased from one to two, e.g. from 387.9 to 387.88.

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