Festi hf. - Changes in company's own shares

Festi hf.: Buy-back programme week 4

In week 4 2023, Festi purchased in total 315,000 own shares for total amount of 56,080,000 ISK as follows:

Week	Date	Time	Purchased shares	Price	Purchase price	Total shares bought	Total puchase price
4	23.1.2023	14:13:14	50.000	179	8.950.000	628.500	114.424.000
4	23.1.2023	14:42:34	30.000	179	5.370.000	658.500	119.794.000
4	25.1.2023	14:54:56	50.000	178	8.900.000	708.500	128.694.000
4	26.1.2023	11:37:45	30.000	177	5.310.000	738.500	134.004.000
4	26.1.2023	14:41:51	80.000	177,5	14.200.000	818.500	148.204.000
4	27.1.2023	14:33:55	75.000	178	13.350.000	893.500	161.554.000
			315.000		56.080.000

The execution the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995 and annex II to the Regulation on insider information and market abuse No 630/2005.

Before the purchase Festi held 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 893,500 own shares for 161,554,000 ISK and holds today 5,893,500 own shares or 1.89% 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).