Festi hf.

Buy-back programme week 45

In week 45 Festi purchased in total 750.000 own shares for total amount of 114.093.750 ISK as follows:

			Purchased		Purchase	Own shares total
Week	Date	Time	shares	Share price	price	at end of day
45	2.11.2020	10:51:11	150.000	152,25	22.837.500 kr	8.695.407
45	3.11.2020	09:52:21	150.000	153,50	23.025.000 kr	8.845.407
45	4.11.2020	09:43:21	75.000	154,00	11.550.000 kr	8.920.407
45	4.11.2020	10:52:12	75.000	154,25	11.568.750 kr	8.995.407
45	5.11.2020	11:42:32	150.000	150,75	22.612.500 kr	9.145.407
45	6.11.2020	10:27:53	150.000	150,00	22.500.000 kr	9.295.407
			750.000		114.093.750 kr

This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 4.000.000 own shares or 1.2% of the issued shares, with the cap of 600 million ISK purchase price.

Before the purchase Festi held 5.645.407 own shares or 1.70% of issued shares. Festi has now bought in total 3.650.000 own shares for 551.256.250 ISK and holds today 9.295.407 own shares or 2.79% of issued shares.

The execution the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995 and annex II to the Regulation on insider information and market abuse No 630/2005.

For further information contact Magnús Kr. Ingason, CFO of Festi hf. ([e-mail]).