Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698060088258.pdf (Liberia)
islandsbanki.is Issuance Plan of Íslandsbanki for 2020 Íslandsbanki hereby publishes its plan for market-based funding for the year 2020.

Further information on the Bank´s funding activities can be found on the Bank´s website, https://www.islandsbanki.is/en/product/about/funding.

Covered bonds • Íslandsbanki estimates that the total issuance of covered bonds will be ISK 20-25 billion.

• One bond series, ISLA CBI 20, is maturing in 2020 with a nominal amount of ISK 4.1 billion.
• Total nominal amount of outstanding covered bonds issued by Íslandsbanki at year end 2019 is approximately ISK 140 billion.

• Auction dates will depend on market conditions and the arrangement of individual auctions will be announced via the Nasdaq Iceland news system.

• Arion Bank, Kvika and Landsbankinn are the market makers for Íslandsbanki´s covered bonds.

• Market makers have access to bond lending facilities in the relevant series.
Senior unsecured bonds in local currency • Íslandsbanki aims to increase the outstanding bond series ISLA 24 1125 and will also look into issuing new series.

• The issuance amount is undecided and will depend on market conditions.

Commercial paper • The issuance amount is undecided and will depend on market conditions.
Senior unsecured bonds in foreign currencies • Issuance under the Banks GMTN Programme will depend on the Bank´s loan growth in foreign currencies as well as on upcoming maturities Other funding • The Bank will contemplate issuing Additional Tier 1 capital instruments in foreign and/or local currencies.

• The Bank´s Tier 2 bucket is currently fully utilised.

• Íslandsbanki plans to diversify the Bank´s funding sources and will examine other funding options if it is considered suitable for the Bank.
• The Bank will explore buybacks or refinancing of outstanding transactions in 2020, in both local and foreign currencies, in a continuing effort to maintain a strong balance sheet position while efficiently applying surplus liquidity.

Disclaimer • Íslandsbanki reserves the right to deviate from the above plan at its own discretion without prior notice.

For further information • Egill Skúli Þórólfsson, egill.thorolfsson@islandsbanki.is and telephone +354 844 2615.
• Jóhann Ottó Wathne, johann.wathne@islandsbanki.is and telephone +354 844 4607 N