Arion Bank: Transactions in relation to a share buyback programme

Share buyback on Nasdaq Iceland:

SDRs purchased on Nasdaq Stockholm:

The Bank held 37,804,576 of own shares and SDRs prior to the transactions in week 4 and holds 40,322,786 shares and SDRs by the end of week 4. The Bank currently holds 2.84% of issued shares in the Bank. Since the launch of the share buyback programme the Bank has bought in total 3,543,210 shares for ISK 714,432,710 and 40,000 SDRs for SEK 593,250.

The repurchase under the Program is divided between the Icelandic and Swedish markets, where up to 516,796 SDRs may be repurchased in Sweden, corresponding to 0.04% of the current issued capital, and where up to 25,322,997 shares may be repurchased in Iceland, corresponding to 1.78% of the current issued capital (total 1.82% of the current issued capital). The total consideration for purchased SDRs shall furthermore not exceed ISK 100,000,000 in Sweden and ISK 4,900,000,000 for purchased shares in Iceland (ISK 5.0bn total). The Program will end no later than 31 December 2026, subject to renewed authorisation for share buy-backs by the Bank´s AGM. The Bank retains the right to discontinue the Program at any time.
 
The Program is carried out in accordance with applicable law and regulation in Iceland and Sweden, as the case may be, including Regulation No. 596/2014 of the European Parliament and of the Council on market abuse (“MAR”), the Safe Harbour Regulation, Icelandic acts on limited liability companies, No. 2/1995 and Act No. 60 /2021 on measures against market manipulation and rules no. 1290/2025 of measures against market manipulation.