Kvika banki hf.: Updated proposals regarding merger discussions with Kvika banki hf.

Group 1 - Kvika banki hf. has received updated merger proposals from Arion Bank hf. and Íslandsbanki hf. [1] - The Board of Directors of Kvika banki hf. will review the merger proposals and decide on the next steps [1] - Further information will be disclosed in accordance with legal obligations [1] Group 2 - The notice serves as a disclosure of inside information under EU regulation No 596/2014 on market abuse [2] - The regulation is implemented into Icelandic law through the act on measures against market abuse No 60/2021 [2]