Arion Bank hf. - Company Announcement

Arion Bank offers 12-month, 6-month and 5-month commercial paper – ARION 170519, ARION 161121 and ARION 161020

Arion Bank is holding an offering of commercial paper on Tuesday 17 May 2016 –
12-month, 6-month and 5-month commercial paper maturing on 19 May 2017, 21
November 2016 and 20 October 2016 respectively. Offers shall be submitted by
e-mail to verdbrefamidlun@arionbanki.is before 4:00 p.m. on 17 May and the
payment and settlement date is 20 May 2016. 

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