Arion Bank hf.: Arion Bank: Buy back of EUR notes

Arion Bank has in the months of April and May 2020 bought back in the market outstanding senior unsecured EUR notes with ticker ARION 1 03/20/23 and ISIN code XS1794196615 for EUR 19,673,000 or 6.6% of outstanding notes. Arion did not hold any notes prior to the buy back.

For further information please contact Investor relations, at [e-mail]