Skel fjárfestingafélag

Transaction in Own Shares • Oct 30, 2023

Disclosure 438821

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

SKEL fjárfestingafélag hf.: Buy-back Programme week 43

In week 43 2023, SKEL fjárfestingafélag hf. purchased in total 1,700,000 own shares for total amount of 19,848,750 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
23.10.2023	12:47	575.000	11,70	6.727.500	44.991.802
24.10.2023	15:13	575.000	11,70	6.727.500	45.566.802
25.10.2023	14:30	275.000	11,60	3.190.000	45.841.802
26.10.2023	10:04	275.000	11,65	3.203.750	46.116.802
		1.700.000		19.848.750	46.116.802

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 44,991,802 own shares. SKEL fjárfestingafélag hf. bought in total 1,700,000 own shares, which corresponds to 14.26% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 350,053,575 or 70.01% of the maximum buy-back amount. SKEL now owns a total of 2.38% 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.