AGM 16 March 2022

Nomination Committee's report and information on candidates

The Bank’s Nomination Committee has an advisory role when it comes to the election of Board members and submits a reasoned proposal at shareholders’ meetings where election of Board members is on the agenda, of candidates to serve on the Board.

The Nomination Committee’s report and information on the candidates is available below.

Proposals of the Nomination Committee for the Annual General Meeting 2022

The following candidates have announced that they wish to stand for election to the Board of Directors of Arion Bank:

• Brynjólfur Bjarnason

• Liv Fiksdahl

• Gunnar Sturluson

• Paul Horner

• Steinunn Kristín Thórdardóttir

The Nomination Committee has proposed the following candidates be elected to the Board of Directors of Arion Bank:

• Brynjólfur Bjarnason

• Liv Fiksdahl

• Gunnar Sturluson

• Paul Horner

• Steinunn Kristín Thórdardóttir

The Nomination Committee also proposes that Brynjólfur Bjarnason be re-elected as Chairman of the Board and that Paul Horner be re-elected as Vice Chairman.

Furthermore, the Committee has proposed the following candidates to serve on the Board of Directors as Alternate Directors:

• Sigurbjörg Ásta Jónsdóttir

• Thröstur Ríkhardsson

The following are candidates to the Nomination Committee:

• Audur Bjarnadóttir

• Júlíus Thorfinnsson