Festi hf.: Auction of Bills on Monday, 2 November 2026

Festi hf. will hold an auction of bills on Monday, 2 November 2026. Bills in the series FESTI270510 will be offered for sale.

FESTI270510 is a new six-month bill with a maturity date of 10 May 2027. The nominal value of each bill is ISK 20 million.

The auction will be conducted using the “Dutch auction” method, whereby all accepted bids will be offered to investors at the highest accepted flat interest rate. The Company reserves the right to accept all bids, reject all bids or accept bids in part.

The results of the auction and the allocation to investors will be announced when available, but no later than before the opening of the markets on Tuesday, 3 November 2026.

The payment and settlement date is scheduled for Friday, 6 November 2026. An application will be submitted for the bills to be admitted to trading on the Main Market of Nasdaq Iceland. Nasdaq Iceland will announce the first day of trading with one day’s notice.

Íslandsbanki hf. manages the sale and marketing of the auction. Bids specifying the bid amount and flat interest rate shall be submitted to Íslandsbanki hf. before 16:00 on Monday, 2 November 2026, by email to vbm@islandsbanki.is.

For further information, please contact:

Íslandsbanki securities sales, email: vbm@islandsbanki.is.

Magnús Kr. Ingason, CFO of Festi hf., email: mki@festi.is.

The base prospectus for the issuance programme, final terms and other documents relating to the issuance of the bill series and admission of the bills to trading on Nasdaq Iceland will be made available on the Company’s website: https://www.festi.is/skuldabrefogvixlar

The issuance was exempt from the requirement to publish a prospectus pursuant to items (c) and (d) of Article 1(4) of Regulation (EU) No. 2017/1129 of the European Parliament and of the Council on the publication of a prospectus when securities are offered to the public or admitted to trading on a regulated market, as implemented in Act No. 14/2020.