BankNordik P/F - Fyrirtækjafréttir

Share bye-back programme - P/F BankNordik

On May 30, 2016 BankNordik announced a share buy-back programme which is
initiated and structured in compliance with the EU Commission Regulation No.
2273/2003 of 22 December 2003 (the so-called Safe Harbour Regulative). 

The programme runs from 30 May 2016 to 30 December 2016. In this period
BankNordik will acquire own shares with a value of up to DKK 33 million in
market value. 

Since the announcement on May 30, 2016 the following transactions have been
made under the share bye-back programme: 



                               Number of       Average      Transaction value in
                                shares         purchase             DKK         
                                                price                           
--------------------------------------------------------------------------------
Accumulated, last                    4,060         115.22                467,789
 announcement                                                                   
--------------------------------------------------------------------------------
03 June 2016                         1,700         116.12                197,400
--------------------------------------------------------------------------------
06 June 2016                         1,750         115.37                201,899
--------------------------------------------------------------------------------
07 June 2016                         1,800         116.00                208,800
--------------------------------------------------------------------------------
08 June 2016                         2,000         115.50                230,995
--------------------------------------------------------------------------------
09 June 2016                         2,000         116.47                232,939
--------------------------------------------------------------------------------
Accumulated under the               13,310         115.69              1,539,822
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above, BankNordik holds a total of 115,587 of
treasury shares, excluding investments made on behalf of customers and shares
held for trading purposes, corresponding to 1.16% of the share capital. 



Further information:

Árni Ellefsen, CEO, tel. (+298) 230 348

BankNordik has banking activities in Denmark, Greenland and the Faroe Islands
and insurance activities in the Faroe Islands and Iceland. Founded in the Faroe
Islands more than a century ago, the Group total assets of DKK 16.2bn and 477
employees. The Bank is subject to the supervision of the Danish Financial
Supervisory Authority and is listed on Nasdaq Iceland and Nasdaq Copenhagen.
www.banknordik.com