Eimskip: Transaction in relation to a share buy-back program

In week 50 2019 Eimskip purchased 345,925 of its own shares, at a purchase price of ISK 65,379,825 as further stipulated below: DateTimeNo. of sharesShare price (rate)Purchase price (ISK) 9.12.201909:34:39 69,185  188 13,006,780  10.12.201913:26:42 69,185  188 13,006,780  11.12.201910:16:11 69,185  187.5 12,972,188  12.12.201909:33:22 69,185  189.5 13,110,558  13.12.201910:29:27 69,185  192 13,283,520 Total ...

In week 50 2019 Eimskip purchased 345,925 of its own shares, at a purchase price of ISK 65,379,825 as further stipulated below:

Date	Time	No. of shares	Share price (rate)	Purchase price (ISK)
9.12.2019	09:34:39	69,185	188	13,006,780
10.12.2019	13:26:42	69,185	188	13,006,780
11.12.2019	10:16:11	69,185	187.5	12,972,188
12.12.2019	09:33:22	69,185	189.5	13,110,558
13.12.2019	10:29:27	69,185	192	13,283,520
Total		345,925		65,379,825

The trade is in accordance with Eimskip's buy-back program as published on Nasdaq Iceland on 1 December 2019.

Eimskip held 3,292,549 own shares prior to the notified transactions, or the equivalent of 1.76% of issued shares in the company, and holds 3,638,474 after them, or the equivalent of 1.95% of issued shares in the company.

In week 50 Eimskip purchased a total of 345,925 company's own shares. The total purchase price amounted to ISK 65,379,825 which corresponds to 13.08% of the maximum market value amount according to the buy-back program. Eimskip has bought a total of 600,395 shares in the company amounting to ISK 110,158,730 market value in the buy-back program.

Buy-back under the program will amount to a maximum of 3,125,000 shares and the market value amount will not exceed ISK 500,000,000. The buy-back program is in effect until 24 January 2020, unless the conditions for maximum purchase are met before that time.

The buyback program was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, “Trade in own shares under buy-back programmes and the stabilisation of financial instruments.”

For further information please contact Edda Rut Björnsdóttir, head of Marketing & Communication via phone (+354) 825-3399 or [email protected]