Atlantic Airways P/F - Fyrirtækjafréttir

Result of Annual General Meeting on 8 March 2013

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 2012. 

3.  The audited Annual report was presented and approved by the General Meeting.

4.  As recommended a payment of dividends for the total amount of DKK 4 million
were approved. 

5.  The members of the Board of Directors to be elected by the General Meeting
were re-elected. Niels Mortensen was elected. Bjarni Askham Bjarnason did not
re-offer. 

6.  As proposed it was decided to elect P/f Januar, løggilt grannskoðaravirki,
Hoyvíkvsvegur 5, 100 Tórshavn, as auditors for the period until next Annual
General Meeting. 

7.  One shareholder had a proposal for the Board to propose an amendment to the
Articles of Associations to give minority shareholders a preferance in
receiving dividend, that was not adopted.