Core Points - The Board of Directors of SKEL has approved stock options for employees amounting to 3,591,141 shares [1] - The stock options aim to align the long-term interests of the company and its employees, following the remuneration policy approved at the Annual General Meeting on March 7, 2024 [2] - After this allocation, the total outstanding stock options for key employees will be 111,194,084 shares, representing approximately 5.92% of the company's share capital [3] Stock Option Details - The exercise price for the stock options is set at ISK 16.3 per share, based on the closing price on Nasdaq Iceland prior to the allocation date [4] - The stock options will have a three-year vesting period, with one-third exercisable immediately after vesting, and subsequent thirds exercisable one year apart [4] - A portion of the realized gain from the options, equal to 15% after taxes, must be retained in shares until employment termination, and options lapse if employment is terminated during the vesting period [4]

Core Insights - SKEL fjárfestingafélag hf. has successfully completed the settlement for the purchase of share capital in Samkaup, with Drangar hf. commencing operations as the parent company [1] - The equity offering raised ISK 3.6 billion, exceeding the target of ISK 3 billion, with a share price set at ISK 12, leading to an equity value of ISK 24.3 billion prior to the capital increase [2] - Following the offering, SKEL's ownership in the company stands at 61%, valued at ISK 17.1 billion based on the offering price [3] Investment Details - The offering attracted domestic institutional and professional investors, along with private investors, and included a shareholders' agreement to guide governance and operations ahead of a planned stock exchange listing in 2027 [3] - Íslandsbanki hf. managed and underwrote the offering, with Fossar fjárfestingarbanki hf. providing corporate finance advisory services and BBA//Fjeldco offering legal counsel [4] Management Perspective - The CEO of SKEL expressed optimism regarding the company's funding for operational improvements at Samkaup, noting positive consumer reception to changes in store operations and a successful streamlining of operations [5]

Core Points - Styrkás hf. has signed an agreement to acquire all shares in Hreinsitækni ehf., HRT þjónustu ehf., and related companies, subject to approval from the Icelandic Competition Authority [1] - The Hreinsitækni group is a leading provider of environmental and infrastructure services in Iceland, with projected 2024 revenue of approximately ISK 5 billion and EBIT of around ISK 800 million [2] - The enterprise value of the Hreinsitækni group in the transaction is about ISK 9.7 billion, with a share purchase price of approximately ISK 7 billion, 25% of which will be paid in cash and 75% through new shares in Styrkás [2] - Post-transaction, shareholders of Hreinsitækni will own about 17.5% of Styrkás, and the combined company's equity value will be around ISK 30 billion [2] - The acquisition will establish a fourth business segment for Styrkás focused on environmental and industrial services, enhancing service offerings to heavy industry and municipalities [3] - Styrkás recorded revenue of ISK 47 billion, EBIT of ISK 1.9 billion, and profit after tax of ISK 1.3 billion in the first nine months of the year, leading to a projected annual revenue of nearly ISK 70 billion and profit after tax exceeding ISK 2 billion post-acquisition [3] - SKEL's ownership in Styrkás is expected to decrease to 37.7% after the transaction, with the value of SKEL's stake estimated at ISK 11.2 billion based on the agreed share price [4] - Styrkás shares are anticipated to be listed on the Nasdaq Iceland Main Market in 2027 according to a shareholders' agreement among the largest shareholders [4]

Core Points - The shareholders' meeting of SKEL fjárfestingafélag hf. was held on November 4, 2025, to discuss company matters [1] Group 1 - The meeting results were attached for review by stakeholders [1] - Further inquiries can be directed to the CEO, Ásgeir Helgi Reykfjörð Gylfason, via the provided email [1]

Core Points - The Board of SKEL has scheduled a shareholders' meeting on 4 November 2025 to address the second dividend payment [1][3] - The second dividend payment of ISK 3,000,000,000 was originally set for 20 October 2025 but will be proposed to be moved to 5 November 2025 [2][5] - Strengur hf., the largest shareholder with 51.59% ownership, has committed to attending the meeting and voting in favor of the Board's proposal [6] Summary by Sections Shareholders' Meeting - The shareholders' meeting will take place at 16:00 on 4 November 2025 at the Reykjavík Edition [1] - Meeting materials are available on the company's website [1] Dividend Payments - The first part of the dividend for the financial year 2024, amounting to ISK 3,000,000,000, was paid on 20 March 2025 [1] - The second part of the dividend, also ISK 3,000,000,000, was scheduled for 20 October 2025, with the record date set for 14 October 2025 and the ex-dividend date for 13 October 2025 [2][4] Legal Compliance - The Board identified a potential legal issue with the original payment date of 20 October 2025, which would exceed the six-month deadline stipulated by law [3] - The proposal at the upcoming meeting aims to amend the payment date to 5 November 2025 to ensure compliance with legal requirements [5] Shareholder Support - Strengur hf. has confirmed its attendance and support for the Board's proposal, ensuring the necessary majority for approval [6]

Attached is an announcement, investor presentation and financial summary of SKEL for the first half of 2025. An open presentation will be held on 15 August, 08:30 am, at Parliament Hotel, Þorvaldsstræti 2-6, 101 Reykjavík (entrance via the old Nasa building). At the meeting, Ásgeir Helgi Reykfjörð Gylfason, CEO, and Magnús Ingi Einarsson, CFO, will present the results and highlights of the Company’s operations. For further information, please contact Ásgeir Helgi Reykfjörð Gylfason, fjarfestar@skel.is. Att ...

Reference is made to the press releases dated May 22, June 3, June 16, and July 15, 2025, announcing that certain conditions in the share purchase agreement had been fulfilled concerning Orkan IS ehf.’s (“Orkan”) acquisition of share capital in Samkaup hf. (“Samkaup”). Today, the companies Samkaup and Atlaga ehf. (formerly Heimkaup) were formally merged. Concurrently, the settlement of Orkan’s share purchase agreement with the former shareholders of Samkaup was finalized. The shareholders of Samkaup receive ...

Group 1 - Orkan IS ehf. has fulfilled all conditions for the acquisition of shares in Samkaup hf. and the transaction is expected to be settled on July 18 [1][3] - The Icelandic Competition Authority has completed its investigation and found no grounds for further investigation or intervention, concluding that the merger will not create a dominant market position or significantly impede competition [2] - Further details regarding the merger and the strategic vision of the combined company will be provided in SKEL's Q2 investor presentation [3]

Group 1 - SKEL has signed purchase agreements for the acquisition of 153.9 million shares in Styrkás hf., representing over 15.4% of the company's issued share capital, at a total price of ISK 3,150 million, or ISK 20.47 per share [1] - The purchase price reflects the book value of SKEL's stake in Styrkás as of December 31, 2024, and the agreements are subject to customary conditions expected to be finalized next week [1] - Following the transaction, Styrkás will have 19 shareholders, with SKEL being the largest at 47.9%, and SÁ Horn holding 39.2% [4] Group 2 - Styrkás operates in the service sector, with subsidiaries in energy and chemicals, equipment and machinery, and asset management [2] - The buyers of the shares include prominent institutional investors such as VÍS tryggingar hf., Íslandssjóðir, and Birta lífeyrissjóður, among others [3] - The proceeds from the sale will be utilized to reduce SKEL's debt and strengthen its equity position, aligning with SKEL's goal of bringing cornerstone investors into Styrkás ahead of a public listing [5] Group 3 - The CEO of SKEL highlighted the significance of additional institutional investors joining Styrkás's shareholder group, emphasizing the effort to broaden the shareholder base and the potential for Styrkás to become a leading service provider in Iceland [6]

Group 1 - The merger agreement between Samkaup and Atlaga has been reached, with competition authority approval obtained in April [1] - A purchase agreement has been signed for KSK to sell its 51.3% stake in Samkaup to Orkan for ISK 2,878 million, valuing Samkaup at ISK 5,610 million [2][3] - The transaction will create a group structure similar to listed retail companies in Iceland, focusing on groceries, energy, car wash services, and pharmaceuticals [5] Group 2 - Following the transaction, SKEL's stake in the group's parent company will be approximately 63%, valued at ISK 13,500 million [6] - The transaction is contingent upon several conditions, including binding subscription commitments for new share capital and approval from the KSK supervisory council [8] - The CEO of SKEL expressed optimism about the merger, emphasizing operational streamlining and customer focus to enhance competitiveness in the retail market [7]