VEF AB

Transaction in Own Shares • Aug 29, 2022

VEF share buybacks during w. 34, 2022

During the period August 23 – August 26, 2022 VEF AB (publ) ("VEF" or the "Company") has repurchased in total 580,000 ordinary shares as part of the buyback program launched by the Board of Directors to optimize the Company's capital structure.

The buyback program allows the Company to purchase shares for a maximum of USD 10 mln and up to no more than 10 percent of the outstanding shares in the Company. The buyback program is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation 2016/1052 (the "Safe Harbour Regulation").

Date Aggregated daily volume (# shrs) Weighted avg PPS (SEK) Total daily transaction value (SEK) 2022-08- ²³ 170,000 2.30 391,374 2022-08- ²⁴ 200,000 2.27 453,520 2022-08- ²⁵ 60,000 2.41 144,870 2022-08- ²⁶ 150,000 2.52 378,090

Ordinary shares of VEF have been repurchased as follows during this period:

All trades have been carried out on Nasdaq Stockholm by Carnegie Investment Bank AB on behalf of VEF. As of August 26, VEF holds 580,000 repurchased shares. The total number of outstanding ordinary shares excluding repurchased shares amounts to 1,054,109,978.

Attachments

VEF share buybacks during w. 34, 2022