Skel fjárfestingafélag

Transaction in Own Shares • Sep 4, 2023

Disclosure 436870

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

SKEL fjárfestingafélag hf.: Buy-back programme week 35

In week 35 2023, SKEL fjárfestingafélag hf. purchased in total 1,242,000 own shares for total amount of 16,781,450 ISK as follows:

Date	Tími	Purchased Shares	Price	Purchase Price
28.8.2023	09:54:47	127,000	13.45	1,708,150
29.8.2023	10:35:33	294,000	13.3	3,910,200
31.8.2023	09:41:33	398,000	13.7	5,452,600
1.9.2023	11:03:03	250,000	13.5	3,375,000
1.9.2023	12:46:10	173,000	13.5	2,335,500
Total		1,242,000		16,781,450

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 6,193,275 own shares. SKEL fjárfestingafélag hf. has now bought in total 7,435,275 own shares for 100,665,406 ISK or 0.384% 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