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

In week 35, Kvika banki hf. (“Kvika” or “the bank”) bought 4,459,947 of its own shares at a purchase price of 73,284,500 ISK. See further details below:

Date	Time	Number of shares purchased	Stock price (price)	Purchase price
29.8.2024	13:29:00	152,200	16,350	2,488,470
30.8.2024	10:06:25	3,000,000	16,450	49,350,000
30.8.2024	11:57:12	20,412	16,350	333,736
30.8.2024	13:54:17	25,000	16,400	410,000
30.8.2024	15:16:38	100,000	16,400	1,640,000
30.8.2024	15:29:43	1,162,335	16,400	19,062,294
Total		4,459,947		73,284,500

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

Kvika held 42,031,783 of its own shares prior to the notified transaction and has thus purchased a total of 46,491,730 shares under the buyback program, which corresponds to 0.985% of the issued shares in the company. The total purchase price is 716,725,307 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]