This news is more than six months old

Concludes commercial paper offering

Íslandsbanki hf. has today offered 6 month commercial paper to investors.

The nominal amount sold in the 6-month series was 1,060m at a 4.08% simple rate. Total offers received amounted to ISK 3,200 million at rates of 4.00% - 4.20%.

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 10 September.

For further information:

Gunnar S. Magnússon

Investor Relations

440 4665