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

Arion Bank offers 12-month, 6-month and 5-month commercial paper – ARION 181120, ARION 180518 and ARION 180420

Arion Bank is holding an offering of commercial paper on Wednesday 15 November 2017 – 12-month, 6-month and 5-month commercial paper maturing on, 20 November 2018, 18 May 2018 and 20 April 2018 respectively. Offers shall be submitted by e-mail to verdbrefamidlun@arionbanki.is before 16:00 p.m. on 15 November and the payment and settlement date is 20 November 2017.

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