Tilkynning frá OMX | 13.12.

Íslandsbanki hf.: Result of Tender Offer

Íslandsbanki announced today the results of a tender offer announced on 5
December 2017 where holders of its EUR 300,000,000 2.875 per cent notes due 27
July 2018 (ISIN XS1266140984) were invited to tender their notes for purchase by
the Bank against a cash payment. The tender offer was subject to the terms and
conditions outlined in the Tender Offer Memorandum dated 5 December 2017.

The Bank received valid tenders of EUR 158,160,000 and offers amounting to EUR
149,260,000 were accepted with a pro rata scaling factor of 99.5%.

Further information on the tender offer results is available in the announcement
made public on the Irish Stock Exchange (www.ise.ie) where the bonds are listed.

For further information:
Investor Relations - Gunnar S. Magnusson, ir@islandsbanki.is and tel:
+354 440 4665.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Islandsbanki hf. via GlobeNewswire