Festi hf.: Notification regarding execution of a buyback program

At the Annual General Meeting of Festi hf., held on 5 March 2026, the shareholders authorized the Board of Directors, pursuant to Article 55 of the Act on Public Limited Companies No. 2/1995, to purchase on behalf of the company up to 10% of its issued share capital. The purpose of the buybacks is to reduce the company’s share capital and/or to enable the company to meet its obligations under stock option agreements with employees.