Kvika banki hf.: Change of interest basis for notes in the series KVIKA 24 1119

Kvika banki hf. (the "Issuer”) has reached an agreement with holders of the Notes KVIKA 24 1119, ISIN: IS0000033595, on a change in interest basis. The notes will hereafter carry an interest rate of 3 month ICE term SONIA + 190 bps. The changes have been confirmed by Nasdaq CSD Iceland.

For further information please contact Kvika’s investor relations at ir@kvika.is or via tel. (+354) 540 3200.