Tranche Update on Íslandsbanki hf.'s Equity Buyback Plan announced on February 9, 2023.

From February 9, 2023 to March 31, 2023, the company has repurchased 7,480,831 shares, representing 0.37% for ISK 933.08 million. With this, the company has completed the repurchase of 7,480,831 shares, representing 0.37% for ISK 933.08 million under the buyback announced on February 9, 2023.