Festi hf.

Buy-back programme week 46

In week 46 Festi purchased in total 313.969 own shares for total amount of 48.743.687 ISK as follows:

			Purchased		Purchase	Own shares total
Week	Date	Time	shares	Share price	price	at end of day
46	9.11.2020	12:32:59	150.000	155,50	23.325.000 kr	9.445.407
46	10.11.2020	09:43:08	150.000	155,00	23.250.000 kr	9.595.407
46	11.11.2020	10:07:11	13.969	155,25	2.168.687 kr	9.609.376
			313.969		48.743.687 kr

This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. Festi has now bought in total 3.963.969 own shares for 599.999.937 ISK and has with this finished the buy-back of own shares.

Before the purchase Festi held 5.645.407 own shares or 1.70% of issued shares but with these purchases owns now 9.609.376 shares which is 2.89% of issued shares.

The execution the buy-back programme was 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]).