Skel fjárfestingafélag

Transaction in Own Shares • Jul 17, 2023

Disclosure 435197

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

SKEL fjárfestingafélag hf.: Buy-back programme week 28

In week 28 2023, SKEL fjárfestingafélag hf. purchased in total 500,000 own shares for total amount of 6,550,000 ISK as follows:

Week	Date	Time	Purchased shares	Price	Purchase price	Total shares bought	Total Purchase price
28	13.7.2023	11:29:46	200,000	13.1	2,620,000	100,000	2,620,000
28	14.7.2023	10:23:41	100,000	13.1	1,310,000	300,000	3,930,000
28	14.7.2023	11:47:07	200,000	13.1	2,620,000	500,000	6,550,000

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 no own shares. SKEL fjárfestingafélag hf. has now bought in total 500,000 own shares for 6,550,000 ISK 0.025826% 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. magnus@skel.is.