Arion Banki — Share Issue/Capital Change 2021

Apr 30, 2021

Arion Bank – end of month announcement following the reduction of share capital

Arion Bank – end of month announcement following the reduction of share capital

This announcement is published in accordance with Article 84 of the Icelandic Securities Transactions Act No. 108/2007 which states that where an issuer increases or reduces its share capital or number of voting rights, the issuer shall, on the last trading day of the calendar month in which the changes take place, make public the total number of shares and the total number of voting rights.

The Annual General Meeting of Arion Bank hf. held on 16 March 2021 approved to reduce the company’s share capital by ISK 70,000,000 nominal value, totalling 70,000,000 shares, by cancelling the company’s own shares. This reduction was effective from 20 April 2021. The company’s share capital was reduced from ISK 1,730,000,000 to ISK 1,660,000,000 at nominal value, divided into an equal number of shares and with one vote attached to each share.

For any further information please contact:

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Theodór Friðbertsson, Head of Investor Relations at Arion Bank, ir@arionbanki.is, tel. +354 856 6760 or Haraldur Guðni Eiðsson, Head of Corporate Communications, haraldur.eidsson@arionbanki.is, tel. +354 856 7108.

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