Arion Bank hf. - Company Announcement

Arion Bank offers 12-month, 6-month and 5-month commercial paper – ARION 170720, ARION 170120 and ARION 161220

Arion Bank is holding an offering of commercial paper on Friday 15 July 2016 –
12-month, 6-month and 5-month commercial paper maturing on 20 July 2017, 20
January 2017 and 20 December 2016 respectively. Offers shall be submitted by
e-mail to verdbrefamidlun@arionbanki.is before 4:00 p.m. on 15 July and the
payment and settlement date is 20 July 2016. 

For further information please contact Haraldur Gudni Eidsson of Arion Bank's
Communications division at haraldur.eidsson@arionbanki.is, or tel. +354 856
7108.