Arion Bank and Kaupthing assessing a range of strategic alternatives

In the context of the continued strong development of the Icelandic economy, Arion Bank and Kaupthing, its majority owner, are currently assessing a range of strategic alternatives with regards to Kaupthing's shares held in the bank.

This may include a possible IPO; however, no decision has been made at this point in time with respect to any specific transaction and timing thereof.