Íslandsbanki announced today the results of a tender offer announced on 4 April 2019 where holders of its EUR 500,000,000 1.75 per cent notes due 7 September 2020 (ISIN XS1484148157) 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 4 April 2019.

The Bank received valid tenders of EUR 400,335,000 and offers amounting to EUR 300,000,000 were accepted.

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.