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

(MENAFN- GlobeNewsWire - Nasdaq) In week 45 Kvika banki hf. purchased 6,000,000 of its own shares at the purchase price ISK 80,500,000. See further details below:

Date	Time	No. of shares	Share price	Purchase price
04.11.2026	09:33:06	2,000,000	13.45	26,900,000
04.11.2026	14:05:24	2,000,000	13.5	27,000,000
05.11.2026	09:36:36	2,000,000	13.3	26,600,000
Total		6,000,000		80,500,000

The transactions are 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 88,569,999 shares under the buyback programme, which corresponds to 2.045% of issued shares in the company. The total purchase price is ISK 1,124,299,112. Following these transactions Kvika holds 130,306,459 of own shares which corresponds to 3.009% 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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