Arion Bank hf. - Company Announcement

Arion Bank hf. covered bond tap issue

Arion Bank will be tapping three ISK denominated covered bond issues on 2 March
2016, ARION CBI 21, ARION CBI 29 and ARION CB 22.  According to Arion Bank‘s
issuance schedule the Bank intends to offer ISK denominated covered bonds on
the first Wednesday of every month throughout the year.  See the Bank‘s website
for the issuance schedule:
https://www.arionbanki.is/english/about-us/investor-relations/debt-investors/#is
suance-sched 

For further information please contact Haraldur Gudni Eidsson of Arion Bank's
Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 444
7108.