Prepayment of USD 284.1 million from Landsbankinn

On 14 March 2017, Landsbankinn fully prepaid the outstanding balance under Bond Series 2020 in the amount of USD 170 million and partially prepaid Bond Series 2024 in the amount of USD 111 million.  The prepayment totals USD 284.1 million, including accrued and unpaid interest (EUR 266.9 million at the exchange rate of 14 March 2017).  LBI expects to announce an unscheduled payment in partial redemption of the Convertible Notes shortly.

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