Kaldalón hf.: Routine Announcement Regarding Share Buybacks Pursuant to Buyback Program

In week 14 of 2026, Kaldalón hf. purchased 680,000 of its own shares for a total consideration of ISK 17,000,000 as detailed below:

The transactions are carried out under Kaldalón hf.'s share repurchase programme, which was announced on Nasdaq Iceland on 27 March 2026. Repurchases under the programme will, at a maximum, total 10,000,000 shares, provided that the aggregate consideration for the repurchases does not exceed ISK 250,000,000. Implementation of the programme commenced on Tuesday, 31 March 2026, and the programme will remain in effect until either of the above thresholds regarding volume or amount has been reached, but in any event no later than 30 June 2026.

Prior to these latest transactions, Kaldalón hf. held 24,291,818 of its own shares. Following the purchases, the company holds a total of 24,971,818 treasury shares, corresponding to 2.30% of the company's total issued share capital.

Reference is made to the announcement dated 27 March 2026 regarding the cancellation of 24,291,818 treasury shares following the approval of the company's annual general meeting on 26 March 2026. That reduction is in progress.

Kaldalón hf. has purchased a total of 680,000 own shares under the program, equivalent to 0.06% of issued share capital, for a total purchase price of ISK 17,000,000.

The buyback program is conducted in accordance with the Icelandic Companies Act No. 2/1995, Article 5 of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse, as incorporated into Icelandic law by Act No. 60/2021 on measures against market abuse, and Commission Delegated Regulation (EU) 2016/1052 which sets out technical standards for buyback programs.

For further information, please contact:

Högni Hjálmtýr Kristjánsson, COO

[email protected]