Festi hf. - Changes in company's own shares

Festi hf.: Buy-back programme week 11

In week 11 2023, Festi purchased in total 260,000 own shares for total amount of 45,155,000 ISK as follows:

Week	Date	Time	Purchased shares	Price	Purchase price	Total shares bought	Total puchase price
11	13.3.2023	13:31:52	30.000	171	5.130.000	2.598.550	462.577.300
11	13.3.2023	13:49:10	50.000	171,5	8.575.000	2.648.550	471.152.300
11	15.3.2023	11:01:24	30.000	175	5.250.000	2.678.550	476.402.300
11	15.3.2023	13:02:14	50.000	173	8.650.000	2.728.550	485.052.300
11	16.3.2023	14:26:56	50.000	174	8.700.000	2.778.550	493.752.300
11	17.3.2023	14:25:06	50.000	177	8.850.000	2.828.550	502.602.300
			260.000		45.155.000

The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.

Before the purchase Festi held 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 2,828,550 own shares for 502,602,300 ISK and holds today 7,828,550 own shares or 2.51% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 6 January 2023 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 3,000,000 own shares or 0.96% of the issued shares, with the cap of 650 million ISK purchase price.

For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).