Share registry

As per Paragraph 4 Article 19 of Legislation 161/2002, we are required to disclose on our website the names and relative shareholdings of all entities who own more than 1% of shares at any given time.

If an owner of more than 1% of outstanding shares is a legal entity, we also disclose who are the beneficial owners thereof (i.e. an individual or individuals who have more than 10% of shareholdings of the legal entity, or an ownership interest that enables the individual or individuals to significantly influence the operations).

An overview of the beneficial ownership is based on the Icelandic Corporate Registry, SEC, Canada Share Registry and UK Share Registry.

Indo updates this information within 4 days of any changes announced.

Indo ownership is as follows:

Shareholder	Ownership	Corporate Registry
Tryggvi Björn Davíðsson	13.95%
Gnitanes ehf.	11.50%	Icelandic Corporate Registry
Haukur Skúlason	9.34%
Omega ehf.	6.67%	Icelandic Corporate Registry
Ueno ehf.	6.25%	Icelandic Corporate Registry
Adira ehf.	5.81%	Icelandic Corporate Registry
FnF ehf.	5.54%	Icelandic Corporate Registry
Pegá ehf.	5.33%	Icelandic Corporate Registry
Iceland Venture Studios ehf.	3.68%	Icelandic Corporate Registry
IN Fund I a, a series of Erist Venture Syndicate LP	2.69%	SEC
Consultum ehf.	2.64%	Icelandic Corporate Registry
Ólafur Örn Guðmundsson	2.41%
Sölvi Páll Ásgeirsson	2.11%
Iceland Venture Studio FUND II - Founders ventures ehf.	2.02%	Icelandic Corporate Registry
Steinar Hugi Sigurðarson	1.98%
Gemelli Capital Ltd.	1.57%	GOV.UK
Sigurgeir Örn Jónsson	1.52%
Nataaqnaq Fisheries Inc. Ehf.	1.37%	IC.GC.CA
Þór Adam Rúnarsson	1.32%
Einar Björgvin Eiðsson	1.12%
Vidici Fund II AB	1.12%	opencorpdata.com
Yoga Capital ehf.	1.06%	Icelandic Corporate Registry
Hildur Arna Hjartardóttir	1.02%
Samtals aðrir 26 hluthafar með undir 1,0% hlutafjár	7.98%