Landsbankinn hf. : Acquisition by Landsbankinn hf.

On 15 September 2016, Landsbankinn hf. announced that the Bank would offer to purchase shares from shareholders pursuant to a buy-back programme during three specified periods. The third acquisition period extended from 13 February 2017 up to and including 24 February 2017.

During the third acquisition period, Landsbankinn purchased a total of 8,509,625 own shares at a share price of 10.6226, for the total amount of ISK 90,394,085.

Neither the CEO of Landsbankinn nor any managing directors of the Bank sold shares during the third repurchase period.

Prior to the third acquisition period, Landsbankinn held 351,831,490 own shares. Due to enforcement of pledges 119,524 own shares were transferred to the Bank during the period.  At the conclusion of the third acquisition period, the Bank holds 360,460,639 own shares, or the equivalent of 1.5% of issued share capital in the Bank.

Landsbankinn has acquired a total of 142,031,497 own shares under the buy-back programme, or the equivalent of 0.6% of issued shares in the Bank, for a purchase price of ISK 1,481,500,289.

Implementation of the buy-back programme complies with Chapter VIII of the Act on Public Limited Companies, No. 2/1995.

For further information contact:

Rúnar Pálmason, Public Relations,  pr@landsbankinn.is , tel: +354  410 6263 / 899 3745

Hanna Kristín Thoroddsen, Investor Relations,  ir@landsbankinn.is , tel: +354  4107310