Issuer: Landsnet hf. ID: 580804-2410 Gylfaflöt 9 112 Reykjavík Date of admission to trading: 23.12.2009 Symbol: LNET 09 1 ISIN-code: IS0000019537 Orderbook ID: 72175 Bond type: Annuitet Market: OMX ICE CP Fixed Income Size limit: No size limit Amount admitted to trading at this time: ISK 5.000.000.000 Total amount previously admitted to trading: 0 Denomination: ISK 10.000.000 Issue date: 22.10.2009 First due date: 15.04.2010 Number of due dates: 49 Maturity date: 15.04.2034 Interest calculated from: 01.10.2009 First interest payment date: 15.04.2010 Number of interest payments: 49 Interest: 5,00% Indexed: Yes Name of index: Consumer Price Index (CPI) Base index value: 346,9 Dirty price / Clean price: Clean price Day count convention: 30E/360 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 Coordinator - admission to trading: Saga Capital Investment Bank