Skel fjárfestingafélag

Major Shareholding Notification • Feb 13, 2025

Standard form – Notification of the acquisition or disposal of major proportions of voting rights

Notification in accordance with act nr. 20/2021

• 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ⁱ : Skel fjarfestingafelag hf. (SKEL, ISIN: IS0000000503)
• 1. Reason for the notification (please tick the appropriate box or boxes):
  2. ☒ an acquisition or disposal of voting rights
  3. ☐ an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
  4. ☐ an event changing the breakdown of voting rights
• 1. Full name of person(s) subject to the notification obligation ii: Taconic Capital Advisors L.P.
• 1. Full name of shareholder(s) (if different from the person mentioned in point 3.) iii
• 1. Date of the transaction and date on which the threshold is crossed or reached iv: February 10th, 2025
• 1. Threshold(s) that is/are crossed or reached: Crossing below 5% threshold.
• 1. Notified details:

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previousto theTriggering transactionv		Staða eftir flöggunarskyld viðskipti vi
	Number of Shares	Number of voting rightvii	Number of Shares	Number of voting rightviii		% of voting rights
			Direct	Directix	Indirectx	Direct	Indirect
IS0000000503	96.85m	96.85m	0	0	0	0	0
SUBTOTAL A (based on aggre-gate voting rights)	96.85m	96.85m	0	0	0	0	0

B) Financial Instruments in accordance with Article 14(1)a of Act nr. 20/2021
Resulting situation after the triggering transactionxi xi
Type of financial instrument	Expiration Date xii	Exercise/Conversion Period/ Date xiii	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
SUBTOTAL B (in relation to all expiration dates)

C) Financial Instruments in accordance with Article 14(1)b of Act nr. 20/2021
Resulting situation after the triggering transactionxi xi
Type of financial instrument	Expiration Date xiii	Exercise/Conversion Period/ Date xiv	Physical orsettlement	Number of voting rights	% of voting rights
		SUBTOTAL C	(in relation to all expiration dates)

Total (A+B+C) [if applicable]	Number of voting rights	% of voting rights
0	0	0

1. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: Taconic European Credit Dislocation Master Fund III L.P.

2. In case of proxy voting: Proxy voting [name of the proxy holder]

will cease to hold [number] voting rights as of [date]

10.Additional information:

DocuSigned by:
43E485611D614ED.

Mr. Sam Taylor

Done at London on February 11th, 2025