Festi hf.: Announcement of share buyback by way of a reverse tender offer

At the Annual General Meeting of Festi hf. held on 5 March 2026, it was resolved to authorise the Company to purchase, until the next Annual General Meeting, shares in the Company representing up to 10% of the Company’s total share capital. On the basis of the aforementioned authorisation, the Board of Directors of Festi has resolved to implement a share buyback programme for the purchase of own shares for the purpose of reducing the Company’s issued share capital and/or enabling the Company to fulfil its obligations under employee share option agreements.