Arion Bank Meeting Announcement

Extended Annual General Meeting - Seite 2

Shareholders planning on attending the meeting need to apply for the necessary login credentials on www.smartagm.com. Shareholders, who also are legal entities or who intend to authorize a representative to attend the Extended AGM, are instructed to make sure that the person applying for login credentials is legally authorized to do so. The required form of a power of attorney is available on the Bank’s website www.arionbanki.is/gm. More detailed information on how shareholders can receive their unique login credentials, on electronic voting using the Lumi AGM service and other relevant details can be found on the Bank’s website. In order to ensure the timely processing of shareholders’ request to receive login credentials, shareholders shall request access through the website www.smartagm.com no later than one day before the meeting, i.e. no later than 13 May 2020 at 16:00 Icelandic time.

Special attention is drawn to the fact that the Computershare system, previously used by the Bank, will not be available for this shareholders’ meeting, as voting will only take place using Lumi AGM.

Notice to holders of Swedish Depository Receipts (“SDRs”):

Holders of SDRs who wish to participate by electronic means or vote by proxy at the Extended AGM must be registered in the register kept by Euroclear Sweden AB (“Euroclear”) by 5:00 p.m. (CET) on 8 May 2020 and perform either of the following:

1. Notify Skandinaviska Enskilda Banken AB (publ) (“SEB”) of their intention to participate in the Extended AGM no later than 8 May 2020; or
2. send an original signed proxy form to SEB so as to arrive at SEB no later than 8 May 2020.

SDRs are only registered in the name of the SDR holder in the register kept by Euroclear. SDR holders registered in the name of a nominee must have their SDRs registered in their own names in the register at Euroclear to be entitled to participate and/or vote (by an authorized attorney, by proxy form or through Lumi) at the Extended AGM. SDR holders who hold the SDRs through a nominee must therefore ask their nominee to make a temporary owner registration (so-called voting-right registration) in good time before the voting record date 8 May 2020 if they wish to participate and/or vote.