Arion Bank hf. - Company Announcement

Arion Bank issues bonds in Swedish kroner

Arion Bank completed a bond offering in Swedish kroner on Thursday 17 March.
Bonds with a nominal value of SEK 275 million were issued, maturing in 2019. 

The bonds bear floating rate STIBOR + 2.65%, and were sold to investors in
Norway, Sweden and continental Europe. The sale was managed by Pareto
Securities. The bonds are issued under Arion Bank’s EMTN program, and will be
listed on the Luxembourg Stock Exchange. 

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