Skel fjárfestingafélag

Transaction in Own Shares • Dec 11, 2023

Disclosure 440357

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

SKEL fjárfestingafélag hf: Buy-back Programme week 49

In week 49 2023, SKEL fjárfestingafélag hf. purchased in total 1,800,000 own shares for total amount of 23,165,000 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
4.12.2023	09:50:00	500,000	12.4	6,200,000	51.792.855
5.12.2023	13:37:00	500,000	12.6	6.300,000	52.292.855
6.12.2023	14:06:00	550,000	13.3	7,315,000	52.842.855
7.12.2023	09:31:00	250,000	13.4	3.350,000	53.092.855
		1,800,000		23,165,000	53,092,855

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 51,292,855 own shares. SKEL fjárfestingafélag hf. bought in total 34,574,337 own shares, which corresponds to 17.86% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 436,814,289 or 87.36% of the maximum buy-back amount. SKEL now owns a total of 2.74% 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.