Arion Banki

Annual General Meeting of Arion Bank hf., held on 15 March 2023, approved to reduce the Company’s share capital by ISK 50,000,000 nominal value, amounting 50,000,000 own shares, by cancelling the Company’s own shares. A request has been sent to Nasdaq and the reduction will be carried out on April 25th, 2023. The Company’s share capital therefore reduces from ISK 1,510,000,000 to ISK 1,460,000,000 which is divided into an equal number of shares and each share is accompanied by one vote. After the reduction Arion bank owns total 8,927,674 own shares and warrants.