Skel fjárfestingafélag

Transaction in Own Shares • Oct 9, 2023

Disclosure 438053

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

SKEL fjárfestingafélag hf.: Buy-back programme week 40

In week 40 2023, SKEL fjárfestingafélag hf. purchased in total 3,669,128 own shares for total amount of 48,830,426 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
2.10.2023	09:44:00	450.000	12,85	5.782.500	34.418.518
2.10.2023	10:45:00	450.000	12,70	5.715.000	34.868.518
2.10.2023	13:41:00	450.000	12,80	5.760.000	35.318.518
2.10.2023	15:25:00	450.000	12,80	5.760.000	35.768.518
3.10.2023	11:40:00	25.000	12,70	317.500	35.793.518
3.10.2023	14:11:00	169.128	12,70	2.147.926	35.962.646
3.10.2023	15:01:00	400.000	12,70	5.080.000	36.362.646
4.10.2023	10:20:00	500.000	12,85	6.425.000	36.862.646
4.10.2023	15:26:00	475.000	12,70	6.032.500	37.337.646
6.10.2023	09:34:00	300.000	12,70	3.810.000	37.637.646
		3,669,128		46,830,426	37,637,646

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 33,968,518 own shares. SKEL fjárfestingafélag hf. bought in total 19,119,128 own shares, which corresponds to 9.88% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 246,430,426, or 49.29% of the maximum buy-back amount. SKEL now owns a total of 1.94% 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.