Íslandsbanki hf. (the “Issuer”) hereby gives notice to all Noteholders of the EUR 300,000,000 Senior Callable Fixed Rate Notes due 19 January 2024 with ISIN XS1755108344 issued by the Issuer (the “Notes”), of the Issuer’s intention to exercise the option to call the Notes in full on the Notes’ first call date, 19 January 2023. Current outstanding nominal amount of the Notes is EUR 37,325,000. The call will be exercised in accordance with paragraph 18 (a) of the Final Terms (“Issuer Call”).  The call price will be 100.00%.