Skel fjárfestingafélag

Transaction in Own Shares • Sep 11, 2023

Disclosure 437111

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

SKEL fjárfestingafélag hf.: Buy-back programme week 36

In week 36 2023, SKEL fjárfestingafélag hf. purchased in total 5,673,000 own shares for total amount of 74,066,300 ISK as follows:

Date	Tími	Purchased Shares	Price	Purchase Price
4.9.2023	14:29:38	400.000	13,7	5.480.000
5.9.2023	09:57:58	637.000	13,5	8.599.500
5.9.2023	10:07:43	500.000	13,5	6.750.000
6.9.2023	09:39:59	500.000	13	6.500.000
6.9.2023	11:04:40	500.000	13	6.500.000
6.9.2023	11:52:07	339.000	13	4.407.000
7.9.2023	11:05:50	500.000	12,85	6.425.000
7.9.2023	12:28:53	500.000	12,85	6.425.000
7.9.2023	13:27:39	386.000	12,85	4.960.100
8.9.2023	09:47:47	500.000	12,8	6.400.000
8.9.2023	10:35:18	500.000	12,8	6.400.000
8.9.2023	13:56:49	411.000	12,7	5.219.700
Total		5,673,000		74,066,300

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 7,435,275 own shares. SKEL fjárfestingafélag hf. has now bought in total 13,108,275 own shares for 174.731.706 or 0.677% of issued shares. This announcement of purchase of own shares is in accordance with the buy-back programme announced 12 July 2023 to Nasdaq OMX Iceland. The aim is to buy back own shares for the maximum amount of 18,518,518 shares or 0.956% of issued shares, the total amount of the buy-back however not exceeding 250,000,000 ISK in total purchase price.

For further information contact Magnús Ingi Einarsson, CFO of SKEL fjárfestingafélag hf., magnus@skel.is.