Skel fjárfestingafélag hf.: Announcement from the Nomination Committee of SKEL

The Nomination Committee of SKEL fjárfestingafélag hf. hereby invites nominations or candidacies for the Board of Directors of the Company in connection with the Annual General Meeting of SKEL fjárfestingafélag, which will be held on 5 March 2026.

The role of the Nomination Committee is to act in an advisory capacity in the selection of board members and to submit proposals to the Company's Annual General Meeting. The objective of appointing a Nomination Committee is to establish a transparent and clear framework for the nomination of board members at the AGM, thereby enabling shareholders to make informed decisions. The Committee's role is to ensure that the Board possesses a broad range of competencies, experience, and expertise, and that the skills of individual board members are such as to be beneficial to the Company and its subsidiaries.

All board members must satisfy the requirements set out in the Articles of Association of the Company and in Act No. 2/1995 on Public Limited Companies, cf. Article 66 of the Act. The rules of procedure of the Nomination Committee, the Company's Articles of Association, and other relevant documents are available on the Company's website.

Nominations or candidacies must be submitted to the Nomination Committee using the attached form no later than 31 January 2026, by email to tilnefningarnefnd@skel.is. The Committee will invite candidates to meet with it during the period 3-4 February 2026.

The Committee's proposal for the composition of the Board will be distributed together with other proposals for the AGM on 12 February 2026. It should be noted that the Committee reserves the right to revise its proposal until ten days prior to the AGM. The final deadline for submitting candidacies is five days prior to the AGM; however, the Committee will not be able to assess candidacies received later than two weeks before the meeting, which will be held on 5 March 2026. Information on all candidates will be published on the Company's website no later than two days prior to the AGM.

Key dates:

31 January Deadline for submission of nominations/candidacies

3-4 February Nomination Committee interviews with candidates

12 February Nomination Committee report and proposal circulated with the notice of the AGM

19 February (16:00) Nomination Committee will not assess candidacies received after this time

23 February Deadline for the Nomination Committee to revise and circulate its proposal

28 February (16:00) Final deadline for submission of candidacies

3 March Final list of candidates to be published no later than this date

5 March Annual General Meeting of SKEL fjárfestingafélag 2026