FRN Variable Rate Fix
June 01 2006 - 7:49AM
UK Regulatory
Islandsbanki hf
As Agent Bank, please be advised of the following rate determined on:31-May-2006
Issue : Islandsbanki hf - Series 186
USD 75,000,000 Step UP Callable FRN due 2 Mar 2015
ISIN Number : XS0213269094
Common Code/
144A ISIN : 21326909
Issue Nomin USD : 75,000,000.00
Period : 02-Jun-2006 to 05-Sep-2006 Payment Date 05-Sep-2006
Number of Days : 95
Rate : 5.63813
Denomination US : 1,000.00 75,000,000.0
Amount Payable
per Denomination : 14.88 1,115,879.90
Institutional Telephone 44(0) 1202 34 1286
Trust Services Facsimile 44(0) 1202 34 1267
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