In spite of the highly developed olfactory apparatus of horses, implying a high adaptive value, research on equine olfaction is sparse. Our limited knowledge poses a risk that horse behaviour does not match human expectations. The benefit of acquiring more knowledge of equine olfaction is therefore twofold; 1) it can aid the understanding of horse behaviour and hence reduce the risk of dangerous situations, and 2) there may be unexploited potential of using odours in several practical situations where humans interact with horses. This study investigated olfactory abilities of, 35 Icelandic, horses who were presented to four odours: peppermint, orange, lavender and cedarwood. The response variables were sniffing duration per presentation and behavioural reaction (licking, biting, snorting, and backing). Results showed horses were able to detect and distinguish between all four odours and showed increased interest (significantly longer sniffing duration) for peppermint. More horses expressed licking behaviour when presented to peppermint compared to cedarwood and lavender. Young horses sniffed cedarwood for longer than old horses, and pregnant mares sniffed lavender less than non-pregnant mares. In conclusion, the test paradigm seemed meaningful for horses, and olfactory interest of horses varied with age and gestational status but not sex.