Arion Bank hf. - Company Announcement

Arion Bank repurchases NOK bonds

Arion bank has successfully bought back NOK 260 million of bonds from a 2013
issue. The Bank had previously bought NOK 59 million and has now bought back
NOK 319 million of a NOK 500 million issue from 2013. 

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