Kvika Banki Hf.: Transaction In Relation To A Share Buy-Back Programme

(MENAFN- GlobeNewsWire - Nasdaq) In week 42 Kvika banki hf. purchased 17,600,000 of its own shares at the purchase price ISK 215,845,000. See further details below:

Date	Time	No. of shares	Share price	Purchase price
12.10.2026	14:49:38	4.800.000	12,35	59.280.000
13.10.2026	14:20:11	4.900.000	12,2	59.780.000
14.10.2026	09:33:02	2.000.000	12,15	24.300.000
14.10.2026	12:54:02	900.000	12,15	10.935.000
16.10.2026	10:38:45	2.000.000	12,25	24.500.000
16.10.2026	14:13:56	3.000.000	12,35	37.050.000
Total		1 7 , 6 00,000		215 , 84 5,000

The trade is in accordance with Kvika's buyback programme, announced on 11 September 2026, based on the authorisation of the bank's Annual General Meeting on 18 March 2026.

Kvika has now purchased a total of 55,395,000 shares under the buyback programme, which corresponds to 1.279% of issued shares in the company. The total purchase price is ISK 681,787,875. Following these transactions Kvika holds 97,131,460 of own shares which corresponds to 2.243% of issued shares.

Buyback under the programme will be limited to an aggregate purchase price of up to ISK 1,540,550,041 and no more than 165,500,003 shares.

The buyback programme will remain in effect until shares have been repurchased for an aggregate consideration of ISK 1,540,550,041 or 165,500,003 shares have been acquired, whichever occurs first, but no later than 30 April 2027.

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,....

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