Arion Bank hf. - Company Announcement

Arion Bank offers 12-month, 6-month and 5-month commercial paper – ARION 170720, ARION 160819 and ARION 160720

Arion Bank is holding an offering of commercial paper on Monday 15 February
2016 – 12-month, 6-month and 5-month commercial paper maturing on 20 February
2017, 19 August 2016 and 20 July 2016 respectively. Offers shall be submitted
by e-mail to verdbrefamidlun@arionbanki.is before 4:00 p.m. on 15 February and
the payment and settlement date is 19 February 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.