Core Points - Kvika Banki hf. announced the results of its tender offer for SEK 566 million and NOK 750 million Senior Unsecured FRNs [1][2] - The tender offer expired on 9 October 2025, with a total nominal amount of SEK 756 million validly tendered [2][3] - All validly tendered notes will be repurchased, leaving outstanding amounts of SEK 227 million and NOK 333 million [3] Summary by Sections - **Tender Offer Details** - The tender offer was for a combined total nominal amount of 750 million at a purchase price of 102.150%, plus accrued and unpaid interest [1] - The settlement of the tender offer is expected to occur on 16 October 2025 [3] - **Dealer Manager Information** - Nordea Bank Abp was mandated as the dealer manager for the tender offer [4] - **Regulatory Disclosure** - The announcement is a disclosure of inside information per EU regulation on market abuse [5]

Core Viewpoint - Kvika Banki hf. is initiating a tender offer to repurchase its outstanding SEK and NOK denominated notes maturing in May 2026, with a total nominal amount of up to 750 million, aimed at proactive balance sheet management [1][3]. Group 1: Tender Offer Details - The tender offer includes SEK Notes with an outstanding amount of SEK 566 million and NOK Notes with an outstanding amount of NOK 750 million, both offered at a purchase price of 102.150% [2]. - The tender offer will expire at 12:00 CEST on 9 October 2025, with settlement expected on 16 October 2025 [2]. Group 2: Purpose and Management - The purpose of the tender offer is to manage the issuer's upcoming redemptions actively [3]. - Nordea Bank Abp has been appointed as the dealer manager for the tender offer [3].

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]