Skel fjárfestingafélag

Transaction in Own Shares • Jul 24, 2023

Disclosure 435445

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

SKEL fjárfestingafélag hf.: Buy-back programme week 29

In week 29 2023, SKEL fjárfestingafélag hf. purchased in total 1,125,000 own shares for total amount of 14,857,500 ISK as follows:

Date	Tími	Purchased Shares	Price	Purchase Price
17.07.2023	15:26	300,000	13	3,900.000
19.07.2023	13:37	300,000	13.1	3,930,000
20.7.2023	10:21	200,000	13.2	2,640,000
21.7.2023	10:44	325,000	13.5	4,387,500
Total		1,125,000		14,857,500

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 500,000 own shares. SKEL fjárfestingafélag hf. has now bought in total 1,625,000 own shares for 21,407,500 ISK or 0.0839% 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 hf.