Skel fjárfestingafélag

Transaction in Own Shares • Oct 23, 2023

Disclosure 438395

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

SKEL fjárfestingafélag hf: Buy-back Programme week 42

In week 42 2023, SKEL fjárfestingafélag hf. purchased in total 2,574,275 own shares for total amount of 31,191,155 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
16.10.2023	09:32	300,000	12.40	3,720,000	42.142.527
17.10.2023	09:38	300,000	12.35	3,705,000	42.442.527
17.10.2023	14:09	300,000	12.30	3,690,000	42.742.527
17.10.2023	15:18	229,275	12.20	2,797,155	42.971.802
18.10.2023	09:45	300,000	12.20	3,660,000	43.271.802
18.10.2023	09:50	70,000	12.20	854,000	43.341.802
19.10.2023	15:02	750,000	11.95	8,962,500	44.091.802
20.10.2023	11:30	325,000	11.70	3,802,500	44.416.802
		2,574,275		31,191,155	44,416,802

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 41,492,527 own shares. SKEL fjárfestingafélag hf. bought in total 25,898,284 own shares, which corresponds to 13.38% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 330,204,825, or 66.04% of the maximum buy-back amount. SKEL now owns a total of 2.29% 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.