Moody's reviews Landsbanki's credit rating for downgrade

Moody's reviews Landsbanki's credit rating for downgrade
Moody's Investors Service today placed Landsbanki's A2 long-term
ratings and C- bank financial strength ratings ("BFSRs") on review
for possible downgrade. The Prime-1 short-term ratings, which is
highest rating available from Moody's, were affirmed.

For further information on the rating action, please refer to the
attached press release from Moody's.

For further information please contact:
Brynjólfur Helgason, Alternate CEO and MD International Banking.
Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269
7204 / mob: +44 7711 264 157.