Arion Bank hf. - Other information disclosed according to the rules of the Exchange

Arion Bank completes commercial papers offering

Today Arion Bank completed an offering of 12-, 6- and 5-month commercial papers. In total, 25 bids were received for the total amount of ISK 4,220 million and offers worth ISK 2,080 million were accepted.

The 5-month series attracted 8 bids totaling ISK 1,200 million at a flat rate of 5.10% - 5.35%. Bids amounting to ISK 260 m at 5.17% flat rates were accepted.

The 6-month series attracted 11 bids totaling ISK 1,420 million in total at a flat rate of 5.10% - 5.35%. Bids amounting to ISK 320 m at 5.19% flat rates were accepted.

The 12-month series attracted 6 bids totaling ISK 1,600 million in total at a flat rate of 5.34% - 5.55%. Bids amounting to ISK 1,500 m at 5.40% flat rates were accepted

The commercial papers are scheduled to be admitted to trading on Nasdaq Iceland 21 April.

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