Skel fjárfestingafélag hf. - Inside information

SKEL fjárfestingafélag hf.: Buy-back programme week 41

In week 41 2023, SKEL fjárfestingafélag hf. purchased in total 4,204,881 own shares for total amount of 52,583,245 ISK as follows:

Date	Time	Purchased shares	Price	Purchase price	Total own shares
9.10.2023	09:36	300,000	12.70	3,810,000	37,937,646
9.10.2023	13:26	500,000	12.30	6,150,000	38,437,646
10.10.2023	11:13	500,000	12.50	6,250,000	38,937,646
11.10.2023	09:41	300,000	12.50	3,750,000	39,237,646
11.10.2023	10:35	300,000	12.65	3,795,000	39,537,646
11.10.2023	15:03	374,881	12.65	4,742,245	39,912,527
12.10.2023	13:51	500,000	12.50	6,250,000	40,412,527
12.10.2023	15:13	480,000	12.45	5,976,000	40,892,527
13.10.2023	09:59	300,000	12.45	3,735,000	41,192,527
13.10.2023	14:20	300,000	12.50	3,750,000	41,492,527
13.10.2023	15:28	350,000	12.50	4,375000	41,842,527
		4,204,881		52,583,245	41,842,527

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 37,637,646 own shares. SKEL fjárfestingafélag hf. bought in total 23,324,009 own shares, which corresponds to 12.05% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 299,013,670, or 59.80% of the maximum buy-back amount. SKEL now owns a total of 2.13% of the company's total share capital, which is 1,936,033,774. This announcement of purchase of own shares is in accordance with the buy-back programme announced 15 September 2023 to Nasdaq OMX Iceland.

For further information contact Magnús Ingi Einarsson, CFO of SKEL fjárfestingafélag hf., magnus@skel.is hf.