Skel fjárfestingafélag

Transaction in Own Shares • Aug 28, 2023

Disclosure 436610

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

SKEL fjárfestingafélag hf.: Buy-back programme week 34

In week 34 2023, SKEL fjárfestingafélag hf. purchased in total 511,000 own shares for total amount of 6,992,900 ISK as follows:

Date	Tími	Purchased Shares	Price	Purchase Price
22.8.2023	15:07:51	157,000	13,8	2.166.600
23.8.2023	10:20:16	120,000	13,6	1.632.000
24.8.2023	10:37:53	119,000	13,7	1.630.300
25.8.2023	11:12:12	115,000	13,6	1.564.000
Total		511,000		6,992,900

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 5,682,275 own shares. SKEL fjárfestingafélag hf. has now bought in total 6,193,275 own shares for 83,883,956 or 0.32% 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