Kvika banki hf.: Notification regarding execution of buyback programme

Group 1 - Kvika banki hf. shareholders approved a buyback program allowing the board to repurchase up to 10% of issued shares [1] - The board decided to initiate a buyback program with a total consideration of ISK 5,000,000,000, targeting a maximum of 400,000,000 shares [2] - The first tranche of the buyback program concluded on 12 May 2025, with Kvika acquiring 163,590,409 shares for ISK 2,500,000,000 [2] Group 2 - Arion banki hf. will oversee the execution of the buyback program, making independent decisions regarding share acquisitions [3] - The buyback program must comply with Icelandic laws and European regulations on market abuse and buyback programs [3] - The program is designed to ensure transparency in transactions involving the bank's own shares [3] Group 3 - Daily purchases in the buyback program are limited to 6,893,138 shares, with the maximum purchase price based on the last independent transaction or highest existing bid on Nasdaq Iceland [4] - The buyback program is set to commence on 26 May 2025 and will remain in effect until the annual general meeting in 2026 or until ISK 2,500,000,000 is fully utilized, or 236,409,591 shares are repurchased, whichever occurs first [4] Group 4 - Trading in own shares under the buyback program will be reported in accordance with applicable laws and regulations [5]