The Nomination Committee of Festi hf. hereby calls for nominations or candidacies to the company's Board of Directors for Festi's Annual General Meeting, which will be held on 5 March 2025 according to Festi’s financial calendar.

Festi will publish its financial results according to the calendar below.

Magnús Hafliðason has been appointed Managing Director of N1 and will join Festi's Executive Management Team early next year.

With reference to the announcement of Festi regarding the start of the sales process of Olíudreifing ehf. ("Olíudreifing" or "the Company"), which was published on 26 September 2024, it is hereby informed that a non-binding offers for all outstanding shares in Olíudreifing has been received.

At Festi Board meeting on October 30, 2024, a decision was made to grant certain key employees of the Group share options covering a total of 990,000 shares in the Company.

Festi hf. published its Q3 2024 results after market closing on 30 October 2024.

The Icelandic Competition Authority has been investigating alleged violations by Festi hf. of the terms of the settlement that the company entered into with the Icelandic Competition Authority on 30 July 2018 regarding a merger with Hlekkur ehf. (then named Festi hf.) and Articles 17 and 19 of the Competition Act No. 44/2005. The investigation reaches back to year 2018.

Karen Ósk Gylfadóttir has been appointed Managing Director of Lyfja hf. as of today and will join the Executive Management team of Festi.

In Festi's announcement, dated 10 April 2024, it was announced that the company and Olís, a subsidiary of Hagar, had reached an agreement to begin preparations for the sale of the companies' shares in Olíudreifing ehf. ("Olíudreifing").

Please see attached major shareholder announcement.