Kaldalón hf.: Implementation of a Share Buyback Programme

Core Viewpoint - Kaldalón hf. has received authorization from its annual general meeting to repurchase up to 10% of its share capital to support market making and establish a formal share buyback program [1] Group 1: Share Buyback Program - The Board of Directors has decided to initiate a share buyback program to repurchase up to 10,000,000 shares, which is 0.92% of the issued shares, with a total repurchase amount not exceeding ISK 250,000,000 [2] - The share buyback program will commence on 31 March 2026 and will continue until the volume or amount thresholds are reached, or by 30 June 2026 at the latest [2] Group 2: Treasury Shares and Capital Reduction - Kaldalón currently holds 24,291,818 treasury shares, representing 2.24% of the issued shares, and has resolved to cancel these shares as part of a capital reduction [3] Group 3: Management and Execution - Íslandsbanki hf. will manage the share buyback program and make independent trading decisions regarding the purchase of shares [4] - The purchase price per share will not exceed the higher of the last independent trade price or the highest current independent bid on Nasdaq Iceland [5] - The program will comply with applicable Icelandic laws and regulations, including market abuse regulations [6] Group 4: Disclosure and Further Information - Transactions conducted under the share buyback program will be disclosed in accordance with applicable laws and regulations [7] - Further information can be obtained from the CEO of Kaldalón [8]