Iceland Sedlabanki Rate Decision History

The following table details the changes in the Sedlabanki’s seven-day collateral lending rate:

====================================================================
Announcement       Seven-day collateral   Direction        Amount of
Date                 Lending Rate                            Change
====================================================================
11/2/2011               4.75%             Tightening         0.25%
9/21/2011               4.50%                None             None
8/17/2011               4.50%             Tightening         0.25%
6/15/2011               4.25%                None             None
4/20/2011               4.25%                None             None
3/16/2011               4.25%                None             None
2/2/2011                4.25%               Easing           -0.25%
-------------------------------------------------------------------
12/8/2010               4.50%               Easing           -1.00%
11/3/2010               5.50%               Easing           -0.75%
9/22/2010               6.25%               Easing           -0.75%
8/18/2010               7.00%               Easing           -1.00%
====================================================================
Announcement       Seven-day collateral   Direction        Amount of
Date                 Lending Rate                            Change
====================================================================
6/23/2010               8.00%               Easing           -0.50%
5/5/2010                8.50%               Easing           -0.50%
3/17/2010               9.00%               Easing           -0.50%
1/27/2010               9.50%               Easing           -0.50%
-------------------------------------------------------------------
12/10/2009              10.00%              Easing           -1.00%
11/5/2009               11.00%              Easing           -1.00%
9/24/2009               12.00%               None             None
8/13/2009               12.00%               None             None
7/2/2009                12.00%               None             None
6/4/2009                12.00%              Easing           -1.00%
5/7/2009                13.00%              Easing           -2.50%
4/8/2009                15.50%              Easing           -1.50%
3/19/2009               17.00%              Easing           -1.00%
1/29/2009               18.00%               None             None
-------------------------------------------------------------------
11/6/2008               18.00%               None             None
====================================================================
Announcement       Seven-day collateral   Direction        Amount of
Date                 Lending Rate                            Change
====================================================================
10/28/2008              18.00%            Tightening         6.00%
10/15/2008              12.00%              Easing           -3.50%
9/11/2008               15.50%               None             None
7/3/2008                15.50%               None             None
5/22/2008               15.50%               None             None
4/10/2008               15.50%            Tightening         0.50%
3/25/2008               15.00%            Tightening         1.25%
2/14/2008               13.75%               None             None
-------------------------------------------------------------------
12/20/2007              13.75%               None             None
11/1/2007               13.75%            Tightening         0.45%
9/6/2007                13.30%               None             None
7/5/2007                13.30%               None             None
5/16/2007               13.30%               None             None
3/29/2007               13.30%               None             None
2/8/2007                13.30%               None             None
-------------------------------------------------------------------
====================================================================
Announcement       Seven-day collateral   Direction        Amount of
Date                 Lending Rate                            Change
====================================================================
12/21/2006              13.30%            Tightening         0.21%
11/2/2006               13.09%               None             None
9/14/2006               13.09%            Tightening         0.44%
8/16/2006               12.65%            Tightening         0.44%
7/6/2006                12.21%            Tightening         0.67%
5/18/2006               11.54%            Tightening         0.67%
3/30/2006               10.87%            Tightening         0.67%
1/26/2006               10.20%            Tightening         0.23%
-------------------------------------------------------------------
12/2/2005               9.97%             Tightening         0.22%
9/29/2005               9.75%             Tightening         0.68%
6/3/2005                9.07%             Tightening         0.46%
3/22/2005               8.61%             Tightening         0.23%
2/18/2005               8.38%             Tightening         0.46%
-------------------------------------------------------------------
12/2/2004               7.92%             Tightening         0.93%
10/29/2004              6.99%             Tightening         0.46%
====================================================================
Announcement       Seven-day collateral   Direction        Amount of
Date                 Lending Rate                            Change
====================================================================
9/17/2004               6.53%             Tightening         0.47%
7/1/2004                6.06%             Tightening         0.47%
6/1/2004                5.59%             Tightening         0.24%
5/6/2004                5.35%             Tightening         0.19%
-------------------------------------------------------------------
2/10/2003               5.16%               Easing           -0.47%
-------------------------------------------------------------------
12/12/2002              5.63%               Easing           -0.47%
11/6/2002               6.10%               Easing           -0.47%
10/15/2002              6.57%               Easing           -0.28%
9/18/2002               6.85%               Easing           -0.46%
8/30/2002               7.31%               Easing           -0.28%
8/1/2002                7.59%               Easing           -0.56%
6/18/2002               8.15%               Easing           -0.27%
5/16/2002               8.42%               Easing           -0.46%
4/30/2002               8.88%               Easing           -0.27%
3/26/2002               9.15%               Easing           -0.45%
====================================================================
Announcement       Seven-day collateral   Direction        Amount of
Date                 Lending Rate                            Change
====================================================================
-------------------------------------------------------------------
11/8/2001               9.60%               Easing           -0.73%
3/27/2001               10.33%               n/a              n/a
====================================================================
Note: The policy rate as quoted until May 2007, is presented as a
nominal discounted rate.
SOURCE: Sedlabanki

To contact the reporter on this story: Joel Rinneby in Stockholm at jrinneby@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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