Transaction in relation to a share buy-back programme

In week 7 Kvika banki hf. („Kvika“ or „the bank“) purchased 11,300,000 of its own shares at the purchase price ISK 210,752,500. See further details below:

Date	Time	No. of shares purchased	Share price (rate)	Purchase price
9.2.2026	10:45:44	1.000.000	18,95	18.950.000
9.2.2026	13:50:04	1.000.000	18,975	18.975.000
9.2.2026	14:49:22	600.000	18,975	11.385.000
10.2.2026	10:57:27	1.000.000	18,95	18.950.000
10.2.2026	13:02:46	1.000.000	18,95	18.950.000
11.2.2026	09:58:56	1.000.000	18,875	18.875.000
11.2.2026	11:42:58	1.000.000	18,875	18.875.000
11.2.2026	14:58:16	600.000	18,80	11.280.000
12.2.2026	09:36:07	1.000.000	18,25	18.250.000
12.2.2026	11:54:16	1.000.000	18,15	18.150.000
12.2.2026	15:13:09	100.000	18,13	1.812.500
13.2.2026	10:28:42	1.000.000	18,15	18.150.000
13.2.2026	12:07:41	1.000.000	18,15	18.150.000
Total		11,300,000		210,752,500

The trade is in accordance with Kvika‘s buyback programme, announced on 22 May 2025, based on the authorisation of a shareholders‘ meeting of Kvika held on 21 March 2024 and renewed at the Annual General Meeting on 26 March 2025. Share buybacks under the programme were paused as per an announcement on 07.07.2025 and restarted as per an announcement on 15.01.2026.

Kvika has now purchased a total of 132,100,000 shares under the buyback programme, which corresponds to 2.853% of issued shares in the company. The total purchase price is ISK 2,358,046,250. Post these transactions Kvika holds 266,510,410 of own shares which corresponds to 5.755% of issued shares.

Buyback under the programme will be limited to a maximum total purchase price of ISK 2,500,000,000  and will not exceed 236,409,591 shares.

The buyback programme is in effect from 22 May 2025 until Kvika‘s annual general meeting 2026. unless the maximum purchase price will be reached before that time.

The execution of the buy-back programme must comply with Act on Public Limited Companies. No. 2/1995. In addition. the buy-back programme must be implemented as provided for in the Regulation of the European Parliament and of the Council no. 596/2014. on market abuse. as well as the Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. which supplements that Regulation.

Further information please contact Kvika‘s investor relations, [e-mail].