Kvika banki hf.: Transaction in connection with a share buyback program

In week 33, Kvika banki hf. (“Kvika” or “the bank”) bought 10,900,000 of its own shares at a purchase price of 167,487,500 ISK. See further details below:

Date	Time	Number of shares purchased	Stock price (price)	Purchase price
13.8.2024	12:07:06	1,000,000	15,150	15,150,000
13.8.2024	14:18:42	1,500,000	15,100	22,650,000
14.8.2024	13:34:43	2,900,000	15,125	43,862,500
15.8.2024	09:54:41	1,500,000	15,450	23,175,000
15.8.2024	14:41:00	1,000,000	15,400	15,400,000
16.8.2024	10:49:40	3,000,000	15,750	47,250,000
Total		10,900,000		167,487,500

The transaction is in accordance with Kvika’s buyback program announced on July 4, 2024 and based on the authorization of a Kvika shareholders’ meeting held on March 21, 2024.

Kvika held 23,131,783 of its own shares prior to the notified transaction and has thus purchased a total of 34,031,783 shares under the buyback program, which corresponds to 0.721% of the issued shares in the company. The total purchase price is 516,140,807 ISK. The buyback under the program will amount to a maximum purchase price of 1,000,000,000 ISK.

The buyback program will run from July 4, 2024 until Kvika’s annual general meeting in 2025, unless the maximum purchase price is reached before then.

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

For further information, please contact Kvika’s Investor Relations department: [email protected]