Skel fjárfestingafélag

Transaction in Own Shares • Nov 13, 2023

Disclosure 439556

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

SKEL fjárfestingafélag hf: Buy-back Programme week 45

In week 45 2023, SKEL fjárfestingafélag hf. purchased in total 2,005,000 own shares for total amount of 24,826,500 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
6.11.2023	10:44:00	250,000	12.3	3,075,000	47,687,855
7.11.2023	09:36:00	220,000	12.3	2,695,000	47,907,855
7.11.2023	15:15:00	225,000	12.5	2,812,500	48,132,855
8.11.2023	10:49:00	250,000	12.4	3,100,000	48,382,855
8.11.2023	14:28:00	210,000	12.4	2,604,000	48,592,855
9.11.2023	09:37:00	210,000	12.4	2,604,000	48,802,855
9.11.2023	13:33:00	66,561	12.4	825,356	48,869,416
9.11.2023	13:58:00	143,439	12.4	1,778,644	49,012,855
10.11.2023	09:58:00	215,000	12.4	2,666,000	49,227,855
10.11.2023	13:41:00	215,000	12.4	2,666,000	49,442,855
		2.005.000		24.826.500	49.442.855

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 47,437,855 own shares. SKEL fjárfestingafélag hf. bought in total 30,925,337 own shares, which corresponds to 15.97% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 390,641,289, or 78.13% of the maximum buy-back amount. SKEL now owns a total of 2.54% 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.