Core Viewpoint - Kvika banki hf. has initiated a share buyback program authorized by its shareholders to enhance shareholder value and reduce issued share capital [1][2]. Group 1: Share Buyback Authorization - At the Annual General Meeting on 21 March 2024, shareholders approved the board of directors to buy up to 10% of issued shares [1] - The authorization for share buyback was renewed at the Annual General Meeting on 26 March 2025 [1] - A notification regarding the buyback of shares was issued on 23 December 2025 [1] Group 2: Buyback Program Details - On 11 February 2026, the board decided to establish a buyback program with a total consideration of ISK 631,548,500 for up to 45,000,000 shares [2] - Kvika currently holds 274,367,380 of its own shares and has utilized ISK 4,999,999,998 of the AGM authorization to acquire 303,547,379 shares [2] Group 3: Execution and Compliance - Íslandsbanki hf. will supervise the execution of the buyback program and make independent decisions regarding share acquisitions [3] - The buyback program must comply with the Act on Public Limited Companies and relevant European regulations on market abuse [3] - The execution of the buyback will ensure transparency in transactions involving own shares [3] Group 4: Purchase Limitations - Daily purchases under the buyback program are limited to 2,771,952 shares, with the maximum purchase price being the last independent transaction or highest existing purchase bid on Nasdaq Iceland [4] - The buyback program is effective from 23 February 2026 until the annual general meeting in 2026, or until the total consideration of ISK 631,548,500 is completed, or 45,000,000 shares are bought, whichever comes first [4] Group 5: Reporting and Contact Information - The bank's trading in its own shares will be declared in accordance with applicable laws and regulations [5] - For further information, Kvika's investor relations can be contacted at ir@kvika.is [5]