Ownership

On behalf of its creditors Kaupthing, through its subsidiary Kaupskil, took ownership of Arion Bank on 8 January 2010. The Icelandic State Financial Investments (ISFI) which represent the Government of Iceland’s holdings in financial institutions owns 13% of shares.

Kaupskil appoints six out of seven board members of Arion Bank, the government appoints the seventh´. Kaupskil has a call option on the government’s stake at a later point.

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Arion banki, Borgartúni 19, 105 Reykjavík • Reg.no: 581008-0150 • Swift: ESJAISRE • arionbanki@arionbanki.is

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