Eyrir Invest ehf. - Company Announcement

Eyrir Invest ehf. Extraordinary General Meeting

An Extraordinary General Meeting of Eyrir Invest ehf. (the Company) will be
held at Skolavordustigur 13, Reykjavik, Iceland, on Thuesday, 5 June 2012 at
12:00. 

                                     AGENDA

1. Proposal to change the Company from a Private Limited Company to a Limited
Company. 

A proposal to change the Company from a Private Limited Company to a Limited
Company in accordance with Art. 107 of Act No. 138/1994 on Private Limited
Companies. Amendments, as needed, will be made to the Company's Articles of
Association to comply with the requirements of Act No. 2/1995 on Limited
Companies. 

2. Electronic Registration of shares.

A proposal to register the Company's shares electronically in accordance with
Act No. 131/1997 on electronic registration of rights of title to securities.
Articles 6 and 7 of the Articles of Association need to be amended due to the
electronic registration. 

3. Changes in the Articles of Association - handling of shares.

Proposal to lift all restrictions on handling of the Company's shares. Article
7 of the Articles of Association to discontinue prohibition of sale and
hypothecation of shares needs to be amended. 

4. Any other business, lawfully presented.

Agenda and final proposals will be available to shareholders at the Company's
offices a week before the meeting.