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Arion Banki Share Issue/Capital Change 2021

Apr 19, 2021

2189_rns_2021-04-19_fdc7abd1-11c4-42bb-bbee-84df318e2041.pdf

Share Issue/Capital Change

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Press Release

19 April 2021 17:30:00 GMT

Reduction of Arion Bank's share capital

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 has now taken place and is effective from 20 April 2021. The company's share capital has therefore now been 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:

Theodór Friðbertsson, Head of Investor Relations at Arion Bank, [email protected], tel. +354 856 6760 or Haraldur Guðni Eidsson, Head of Corporate Communications, [email protected], tel. +354 856 7108.

Attachments

Reduction of Arion Bank's share capital

Arion banki hf.

Borgartúni 19, 105 Reykjavik — 444 7000 — arionbank.is — /arionbanki