SKEL fjárfestingafélag hf.

Buy-back programme week 38

In week 38 2023, SKEL fjárfestingafélag hf. purchased in total 8,100,000 own shares for total amount of 103,255,000 ISK as follows:

Date	Time		Purchased shares		Price		Purchase price	Total own shares
18.9.2023	10:15		1,500,000		12.100		18,150,000	20,018,518
19.9.2023	09:43		1,600,000		12.400		19,840,000	21,618,518
20.9.2023	09:38		1,000,000		13.100		13,100,000	22,618,518
20.9.2023	12:05		750,000		13.100		9,825,000	23,368,518
21.9.2023	10:05		1,000,000		12.800		12,800,000	24,368,518
21.9.2023	15:01		800,000		13.000		10,400,000	25,168,518
22.9.2023	09:35		500,000		13.200		6,600,000	25,668,518
22.9.2023	09:35		500,000		13.200		6,600,000	26,168,518
22.9.2023	11:02		450,000		13.200		5,940,000	26,618,518
			8,100,000				103.255.000	26.618.518

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 18,518,518 own shares. SKEL fjárfestingafélag hf. bought in total 8,100,000 own shares, which corresponds to 4.18% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 103,255,000, or 20.65% of the maximum buy-back amount. SKEL now owns a total of 1.33% 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., [e-mail] hf.