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

Kaldalón received corrected information that in that week, Kaldalón purchased2,549,537own shares forISK 62,035,609, as detailed below: DateTimeVolumePricePurchae price Own shares post trans.8.7.202510:28:10              635,000     24,2              15.367.000                                                       1.164.764     9.7.202510:02:13              500.000     24              12.000.000     ...

On July 14, 02/10/2025 (informazione.news - comunicati stampa - servizi)

Kaldalón received corrected information that in that week, Kaldalón purchased own shares for , as detailed below:

As before, these ransactions were carried out in accordance with the share buyback program announced by Kaldalón hf. on 30 June 2025 and published on the Nasdaq Iceland stock exchange. Under the terms of the program, the Company may repurchase up to a maximum of 15,000,000 shares, provided that the total consideration does not exceed ISK 350,000,000. The buyback program commenced on Tuesday, 1 July 2025, and will remain in effect until either of the aforementioned thresholds (volume or amount) is reached, but in any case no later than 31 December 2025.

In addition to the above correction, Kaldalón's announcement from 29 September is hereby corrected. The announcement stated an updated status of the company's transactions according to the buyback program after week 39.

Prior to last week's transactions, Kaldalón held of its own shares. Following the transactions, Kaldalón holds of its own shares, corresponding to 1.28% of the company's total issued share capital.

To date, Kaldalón has purchased a total of own shares under the program, equivalent to 1.28% of the company's total issued share capital, for a total purchase price of ISK .

The company's announcements from 14 July and 29 September are hereby corrected.

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:

Jón Þór Gunnarsson, CEO

jon.gunnarsson@kaldalon.is