Key Financial Indicators and Balance Sheet Analysis Q1 2023

Green Financing Framework Impact and Allocation Report 2022 Executive summary for green financing 2022 Total committed green financing ISK bn 152 Arion Bank's green financing total - bond issues and deposits Investor breakdown of green bonds by region 2022 Region % U.K 28 Benelux 16 Nordics 15 118,7 Iberia 15 France 15 Ger/Aut 11 Other 4 Committed financing breakdown % 14% 4% 3% O 36% 43% 33 130 55,4 2021 2022 11% 2021 2022 Committed but not disbursed vs. disbursed 89% 0% 10% 20% 30% 40% 50% 60% ■Committed but not disbursed 70% ■Disbursed 80% 90% 100% Green buildings I Energy efficiency Clean transportation Sustainable fishery and aquaculture Pollution prevention and control Investor breakdown of green bonds by type 2022 Powered by ling 19% GeoNames, Micioso, OpenStreetMap, Tore Tors Number of green projects 3,873 Total committed green finance 151.5bn ISK Outstanding amount of green finance 33.3bn ISK Asset Management Green Financing Framework Impact and Allocation Report 2022 Deloitte has provided limited assurance on Arion Bank's allocation of net proceeds from Green Financing Instruments and its allocation to loans for the year 2022. 2% 8% -71% Central Banks/Official Institutions ■Banks/Private Banks Insurance Companies/Pension Funds

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