Atlantic Airways P/F - Company Announcement

Result of Annual General Meeting on 23 April 2009

Announcement from P/f Atlantic Airways

Result of Annual General Meeting on 23 April 2009 


1.	Djóni Thomassen was elected chairman of the General Meeting.

2.	The Chairman of the Board presented the Board of Directors' statement of the
company's activity during 2008. 

3. 	The audited Annual Accounts were presented and approved by the General
Meeting. 

4.	As proposed it was decided to pay out in total a dividend of DKK
5,000,000.00 to the shareholders of the company. 

5.	The proposed amendments to the Articles of Association of the Company were
approved. 

§ 15(1) is now as follows:"The general meeting appoints a Board of Directors which consists of 4 members."

Apart from the amendment to the first paragraph § 15 remain unchanged.

§ 5 is now as follows:

“At the earliest 28 days and at the latest 8 days prior to the general meeting,
the Board of Directors gives notice of the general meeting with specification
of time, place and agenda. The notice shall be in writing to each shareholder
to the address latest registered in the share register or be announcement in a
Faroese public gazette.” 

6.	The Board of Directors were up for election. Petur Eiriksson was re-elected.
New board members are Bjarni Askham Bjarnason, Jens Wittrup Willumsen and Kaj
Johannesen. 

Current positions, experience and former positions of the new board members is
shown below. 

Bjarni Askham Bjarnason
Education: 	MSc Business Administation
Principal occupation: 	CEO of Vodafone FO
Positions held: 	Chairman of the Board of PF. Vágatunnil
	Member of the Board of PF. Norðoyartunnil
	Member of the Board of FARICE HF
Formerly held positions:	Chairman of the Board of PF. Føroya Breiðband
Date of first election to the Board: 	23rd of April 2009

Jens Wittrup Willumsen 
Education: 	MSc Economics
Principal occupation: 	Independent Venture Investor
Positions held: 	Visit Denmark (National Danish Tourism organisation)
	Skygate International A/S
	Momondo Aps/Momondo Norden A/S (Meta travelsearch engine)
	Charlotte Sparre A/S (accessory design business). Board member
	Fjords Logistics Aps and Aqualife Logistics A/S (technology companies working
with solutions for live shell fish transports) 
	Vizeum (media agency in the Aegis media group)
	Ingeniøren (Print and internet media house)
	Modstrøm. Utility company
	Annhagen A/S. Fashion design company
	Bjerre Media Service A/S. (subscriber and member management service)
	Index: International design award
Formerly held positions:	SAS Media AB
	Brandhouse A/S (advertising agency)
	Vinens Verden A/S (Wine import and wholesale company)
	Carl Bro A/S 
	Folketeatret
	Radio TV Nævnet (National Danish governing body for Television and Radio)
Date of first election to the Board: 	23rd of April 2009

Kaj Johannesen
Education: 	MSc Business Administration and Economics
Principal occupation: 	Head of Section, Ministry of the Interior
Positions held: 	Economic Council
	Tax and duty complaints committee
Formerly held positions:	School Board, Kaldbak
Date of first election to the Board: 	23rd of April 2009

7. 	As proposed it was decided to re-elect P/f Grannskoðaravirkið Rasmussen &
Weihe statsaut. revisorar, Hoyvíkvsvegur 5, 100 Tórshavn, as auditors for the
period until next Annual General Meeting.