Skel fjárfestingafélag

Transaction in Own Shares • Dec 27, 2023

Disclosure 440860

Skel fjárfestingafélag hf. - Changes in company's own shares

SKEL fjárfestingafélag hf: Buy-back Programme week 51

In week 51 2023, SKEL fjárfestingafélag hf. purchased in total 1,955,000 own shares for total amount of 28,408,000 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
18.12.2023	14:26:00	20.000	13,40	268.000	54.481.141
20.12.2023	09:51:00	375.000	13,60	5.100.000	54.856.141
21.12.2023	13:26:00	800.000	14,00	11.200.000	55.656.141
22.12.2023	09:55:00	400.000	14,80	5.920.000	56.056.141
22.12.2023	11:16:00	12.993	14,80	192.296	56.069.134
22.12.2023	12:20:00	94.261	14,80	1.395.063	56.163.395
22.12.2023	13:40:00	292.746	14,80	4.332.641	56.456.141
		1,995,000		28,408,000	56,456,141

The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.

Before the purchase SKEL held 54,461,141 own shares. SKEL fjárfestingafélag hf. bought in total 37,936,623 own shares, which corresponds to 19.60% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 483,741,400 or 96.75% of the maximum buy-back amount. SKEL now owns a total of 2.90% of the company's total share capital, which is 1,936,033,774. This announcement of purchase of own shares is in accordance with the buy-back programme announced 15 September 2023 to Nasdaq OMX Iceland.

For further information contact Magnús Ingi Einarsson, CFO of SKEL fjárfestingafélag hf., magnus@skel.is hf.