Skel fjárfestingafélag

Transaction in Own Shares • Nov 6, 2023

Disclosure 439168

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

SKEL fjárfestingafélag hf: Buy-back Programme week 44

In week 44 2023, SKEL fjárfestingafélag hf. purchased in total 1,321,053 own shares for total amount of 15,761,214 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
30.10.2023	15:20	450,000	11.85	5,332,500	46,566,802
31.10.2023	09:51	200,000	11.80	2,360,000	46,766,802
1.11.2023	15:19	226,065	11.60	2,622,354	46,992,867
2.11.2023	09:40	44,988	11.70	526,360	47,037,855
3.11.2023	15:22	400,000	12.30	4,920,000	47,437,855
		1,321,053		15,761,214	47,437,855

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 46,116,802 own shares. SKEL fjárfestingafélag hf. bought in total 28,919,337 own shares, which corresponds to 14.94% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 365,814,789, or 73.16% of the maximum buy-back amount. SKEL now owns a total of 2.45% 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.