Group 1 - Festi has entered into a new market making agreement with Arion Banki to promote trading in its shares listed on Nasdaq Iceland [1] - The new agreement replaces a previous one announced on 29 June 2023 [1] - The purpose of the market making arrangement is to support market price formation and ensure efficient and transparent price discovery [1] Group 2 - Under the agreement, Arion Banki will submit bid and offer quotes for a minimum of 100,000 shares each trading day [2] - The bid-ask spread for 90,000 shares will aim for a spread close to 1.5%, not lower than 1.45%, while the spread for 10,000 shares will not exceed 1.50% [2] - Arion Banki may submit quotes with a narrower spread under special circumstances [2] Group 3 - If Arion Banki trades shares with an aggregate market value of ISK 80,000,000 on the same trading day, the maximum bid-ask spread obligations will not apply [3] - The bank is allowed to double the spreads if the price change exceeds 5% and triple them if the price change exceeds 10% during a trading day [3] Group 4 - The agreement is for an indefinite term and takes effect on 26 January 2026, with a termination notice period of 14 days [4]

Core Viewpoint - Moody's Ratings has placed Kvika Banki hf.'s deposit and issuer ratings on review for upgrade due to proposed merger talks with Arion Banki hf. and Íslandsbanki hf. [1] Group 1 - The rating action by Moody's follows announcements from Arion Banki hf. and Íslandsbanki hf. regarding their intention to initiate merger discussions with Kvika [1] - No decision has been made by Kvika's board of directors regarding the next steps in the merger discussions [1]