Update on Íslandsbanki's IPO: Offer size covered

Reykjavik, 7 June 2021, Iceland.
Further to the announcement by Bankasýsla ríkisins (Icelandic State Financial Investments, “ISFI”), on behalf of the Treasury of Iceland, and Íslandsbanki hf. (“Íslandsbanki” or the “Bank”) regarding the publication of the prospectus and the Offer Price Range on 7 June 2021, ISFI and the Bank today announce that they have received orders in excess of the maximum number of Offer Shares, including the over-allotment option, throughout the indicative Offer Price Range.

The offer period in respect of the Offering is expected to close on 15 June 2021 at 12:00 GMT.