Disclaimer 

Arion Bank hf. accepts no liability for any damage which may arise directly or indirectly from using the Bank's website, or damage which may arise due to the fact that the website could not be used for a shorter or longer period of time; furthermore, the bank accepts no liability for any damage arising from users' lost investment opportunities.

Arion Bank hf. bases the information on its website on sources which the Bank considers reliable, but it cannot guarantee that such information is correct. Arion Bank hf. is not obliged to update the information on the website and the information and the opinions which appear there may change without notice.

Information which is published on the website of Arion Bank hf. in no way includes advice to buy or sell particular financial instruments, and users of the website are solely responsible for investment decisions which are based on information published on the website. Arion Bank hf. can, however, advise the Bank's customers via the website on buying and selling financial instruments and/or on tax issues providing it clearly states on the website that advice is being given. Information and advice from Arion Bank hf. on the web is not related to any particular investment objective, financial position or specific interest of any particular user and is always of a general nature since it is not possible to take individual circumstances into account. Arion Bank hf. is under no circumstances responsible for any damage which may occur as a result of such information and advice from the Bank.

Trading in financial instruments involves a high level of risk. Past performance is not necessarily indicative of future performance. Users of the Arion Bank hf. website are encouraged to obtain general information on the nature of securities transactions, investments, tax issues and other matters connected to securities transactions from the Bank's financial advisers.

Anybody requiring further information on the financial instruments discussed on the Bank's website is requested to contact one of the financial advisers at Arion Bank hf. In individual cases it may prove impossible to conduct business with financial instruments about which information is published on the website of Arion Bank hf. and trading may then be restricted to a specific group of investors.

The market value as contained in the customer's statement of financial instruments does not include commission or other costs incurred if these instruments are sold. In these statements 'market price' is the most recent price and 'market value' is the value of the financial instruments based on that price. On the transaction statements, 'price' denotes the trading price of transactions and 'value' denotes the trading value based thereon. The market price of financial instruments listed on the Iceland Stock Exchange is generally the last trading price on the stock market. If a considerable time has elapsed since the most recent trading, the most favourable bids are also taken into consideration when assessing market price. Arion Bank hf. reserves the right to correct statements.

Arion Bank hf. has copyright to all the information published on the Bank's website, unless otherwise specified or can be deduced from the nature of the material. The written consent of Arion Bank hf. is required to publish, distribute or reproduce information appearing on the Bank's website. The nature of the information or the purpose of publishing, reproducing or distributing it is immaterial. Customers of Arion Bank hf. are, however, permitted to keep such information for personal use.

The information provided in the pages of this site is subject to change and may be updated from time to time. These pages may contain incorrect or inaccurate information, and Arion Bank hf. may not in any way be held responsible for any direct or consequential loss arising from such incorrect or inaccurate information.

Arion Bank hf. has not reviewed and is not responsible for the content of off-site pages or any other site linked to this site. Arion Bank hf. does not guarantee that any functions at this site will operate without interruptions or errors and accepts no responsibility for any such interruptions or errors. The distribution of information on, and offering the sale of, certain financial instruments or any rights with respect to such financial instruments may, in certain jurisdictions, be restricted by law. Persons obtaining the information on any financial instruments or with any interest in such financial instruments or any rights with respect to such financial instruments are required keep themselves informed with regard to and to observe any such restrictions. Please note that all information on this site and on the pages thereof, is exclusively addressed to readers within Iceland, unless otherwise expressly indicated. Any dispute arising between Arion Bank hf. and readers with reference to this site, is to be governed by Icelandic law and is subject to the exclusive jurisdiction of the Icelandic Courts.