FRN Variable Rate Fix
30 August 2008 - 1:31AM
UK Regulatory
Islandsbanki hf
As Agent Bank, please be advised of the following rate determined on: 29-Aug-2008
Issue � Islandsbanki Hf - Series 186
USD 75,000,000.00 Step UP Callable FRN Due 02-Mar-2015
ISIN Number � XS0213269094
Common Code / 144A � 21326909
ISIN
Issue Nomin USD � 75,000,000.00
Period � 02-Sep-2008 to 02-Dec-2008 Payment Date 02-Dec-2008
Number of Days � 91
Rate � 3.21063
Denomination USD � 1,000.00 � 75,000,000.00 �
Amount Payable per � 8.12 � 608,681.94 �
Denomination
Bank of New York
Rate Fix Desk Telephone � 44 1202 689580
Corporate Trust Services Facsimile � 44 1202 689601
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