Arion Banki - Board/Management Information 2014

New Director elected to Board of Arion Bank

A shareholders? meeting of Arion Bank was held on 20 November at the Bank?s

headquarters at Borgartún 19. A new Director, Brynjólfur Bjarnason, was elected

at the meeting and he will replace Björgvin Skúli Sigurdsson.

The Board of Directors of Arion Bank now has the following members: Monica

Caneman, Chairman, Gudrún Johnsen, Vice Chairman, Benedikt Olgeirsson,

Brynjólfur Bjarnason, Kirstín Þ. Flygenring, Måns Höglund and Thóra

Hallgrímsdóttir.

Brynjólfur Bjarnason

Brynjólfur was managing director of the Enterprise Investment Fund from 2012 to

2014. Between 2007 and 2010 he was the chief executive officer of Skipti.

Brynjólfur was chief executive officer of Síminn from 2002 to 2007 and chief

executive officer of Grandi hf. from 1984 to 2002. Between 1976 and 1983 he was

managing director of the publisher AB bókaútgáfa. He was also head of the

economics department of VSÍ from 1973 to 1976. Brynjólfur has broad experience

as a director and has served on numerous boards and been chairman of several.

Brynjólfur has served on the board of Genís since 2011 and the board of the

Reykjavík Dramatic Society Playwright Fund since 2009.

Brynjólfur graduated with an MBA from the University of Minnesota in 1973 and a

cand. oecon. degree in business studies from the University of Iceland in 1971.

For further information please contact Haraldur Gudni Eidsson of Arion Bank's

Communications division at [email protected], or tel. +354 856

7108.

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