Issuer: VBS Fjárfestingabanki hf. (e. VBS Investment Bank) ID 621096-3039 Borgartún 26 105 Reykjavik, Iceland Date of admission: 27.06.2008 Symbol: VBS 08 1 ISIN-code: IS0000017531 Orderbook ID: 56602 Bond type: Periodic coupon Market: OMX ICE CP Fixed Income Size limits: ISK 5.000.000.000 Issued: ISK 2.200.000.000 Denomination: ISK 10.0000.000 Issue date: 04.03.2008 First due date: 15.03.2013 Number of due dates: 1 Maturity date: 15.03.2013 Interests calculated from: 15.03.2008 First interest payment date: 15.03.2009 Number of interest payments: 5 Interest: 9,00% Indexed: Yes Name of index: CPI for indexation of financial obligations Base index value: 282,3 Dirty price / Clean price: Clean Price Day count convention: Actual/Actual ICMA Call option: No Put option: No Convertible: No Market making: No Credit Rating (rating agency, date): No Securities depository: Icelandic Securities Depository Issued electronically: Yes OMX ICE member responsible for admission to trading: VBS Fjárfestingabanki hf ID 621096-3039 (e. VBS Investment Bank)