Group 1 - The Republic of Iceland repurchased EUR 203.7 million in nominal value of its outstanding 0.625% Eurobonds due 2026, which is over 40% of the original EUR 500 million issue [1] - The buyback was executed at a price of 98.81%, amounting to approximately ISK 29 billion [1] - The tender offer was launched on May 19, 2025, and closed on May 23, 2025 [1] Group 2 - This transaction is part of the Treasury's liquidity and debt management strategy, aimed at reducing near-term refinancing risk [2] - The buyback improves the maturity profile of the Government's debt portfolio [2] - The buyback was financed from proceeds of a new EUR 750 million Eurobond issued earlier in the week [2]