Kvika banki hf.: Meeting announcement for Annual General Meeting on 21 March 2024

The Annual General Meeting of Kvika banki hf., Reg. No. 540502-2930 (“Kvika”), will be held on Thursday, 21 March 2024, at 4:00 pm, at Iceland Parliament Hotel by Austurvöllur, Thorvaldsenstræti 2-6, 101 Reykjavík in meeting room A.

The Agenda for the meeting is as follows:

1. Report from the Company's Board of Directors on its activities during the past operating year.
2. The Company's annual financial statements for 2023 and a decision on the treatment of the Company's profit during the financial year.
3. Motion to renew the Company’s authorisation to purchase own shares.
4. Motion for a reduction in share capital by cancelling own shares and a corresponding amendment to the Articles of Association of the Company.
5. Election of the Company's directors and alternates.
6. Motion on a Nomination Committee.
   1. Motion on establishing a Nomination Committee.
   2. Motion to amend the Articles of Association of the Company.
   3. Motion on Procedural Rules of the Nomination Committee.
   4. Motion on remuneration to members of the Nomination Committee.
   5. Motion on appointment of two committee members in the Nomination Committee.
7. Motion on the Company’s remuneration policy.
8. Election of the Company's auditors.
9. Motion on appointment of one external committee member in the Audit Committee.
10. Decision on remuneration to directors and members of the Board's subcommittees.
11. Other business.

The meeting will be held in Icelandic. Meeting documents are available on the Company's website in both Icelandic and English, with the exception of the Company's annual financial statements, which are only available in English. The agenda, final motions, remuneration policy, the Company's annual financial statements and other meeting documents will be available at the Company's office at Katrínartún 2, Reykjavik, for shareholders to examine 21 days prior to the Annual General Meeting. The said documents, together with information on the candidates for election to the Board of Directors, will also be made available on the Company's website, .

Please find attached Announcement of the Annual General Meeting.

For further information please contact:

Magnús Þór Gylfason, Director of Communications and Stakeholder Relations, at

Attachment