10. November 2026

Public offering of shares in Blue Lagoon Corp. has begun

The public offering of shares in Blue Lagoon Corp. has begun. On 5 November 2026, Blue Lagoon published a prospectus consisting of a summary, a registration document and a securities note. Subscriptions will be accepted on the website of Fossar Investment Bank hf., www.fossar.is/blaalonid, from 10:00 on Tuesday 10 November 2026 until 16:00 on Friday 13 November 2026.

Blue Lagoon, Landsbankinn and Fossar Investment Bank will host a public information session on Blue Lagoon’s share offering. Those who would like to follow the presentation online can watch the session live via webcast on Landsbankinn’s website, www.landsbankinn.is/blaalonid, and on Blue Lagoon’s website, www.blaalonidhf.is/en/investors.

Blue Lagoon Corp. is an Icelandic public limited company engaged in the operation, development and marketing of health and wellbeing services. Blue Lagoon Corp. specialises in operating world-class destinations built on design, quality, the unique characteristics of Icelandic nature and decades of experience. These include the Blue Lagoon, the world’s most iconic lagoon; the Retreat, Silica Hotel and Highland Base Kerlingarfjöll, Laugarvatn Fontana geothermal baths; and Blue Lagoon Skin Science, an international skincare brand based on decades of research and unique ingredients from Blue Lagoon’s geothermal seawater. Blue Lagoon Corp. has also entered into an agreement to acquire all shares in Arctic Adventures hf., a leading experience and adventure travel company. All conditions for the acquisition have been fulfilled, and Arctic Adventures will become part of the group before the end of November. Blue Lagoon Corp. is also undertaking extensive development in Thjórsárdalur, Iceland’s valley of discovery, where the Mountain Baths, Mountain Retreat and a Visitor Centre will be built, as well as developing the Glacier Baths and Glacier Retreat at Hoffell. In addition, Blue Lagoon Corp. holds stakes in selected destinations around Iceland: the Earth Lagoon Mývatn, Vök Baths in Egilsstaðir and GeoSea in Húsavík.

Key terms of the offering

• Subscriptions will be accepted on the website of Fossar Investment Bank hf., www.fossar.is/blaalonid, from 10:00 on Tuesday 10 November 2026 until 16:00 on Friday 13 November 2026.
• Each subscription in the public offering shall be from ISK 100,000 to ISK 20,000,000 in Order Book A and above ISK 20,000,000 in Order Book B.
• Investors may amend or withdraw their subscriptions during the offering period.
• The results of the offering are expected to be published no later than 16 November 2026.
• The due date and final due date for payment slips relating to the offering is 18 November 2026.
• The Company’s shares are expected to be delivered to buyers no later than 20 November 2026.
• The Company’s shares are expected to be admitted to trading on the Nasdaq Iceland Main Market on 20 November 2026.

Advertisement. Please note that investing in shares involves risk. Potential investors are encouraged to read the company’s published prospectus, which has been approved by the Financial Supervisory Authority of the Central Bank of Iceland, before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities. The approval of the prospectus should not be understood as an endorsement of the issuer or the securities offered or admitted to trading on a regulated market.