Skipti hf. - Decisions of extraordinary general meeting

Decisions of a Shareholders' Meeting

A meeting of shareholders of Skipti hf., reg. no. 460207-0880 (the “Company”),
was held today. 

The agenda of the meeting was as follows: 

1.  Amendments to the Articles of Association.
    Certain amendments to the Articles of Associations were adopted in order to
    reflect the conclusion of the composition of Skipti´s main shareholder,
    Exista. 

2.  Election of the Board of Directors.
    The following parties were elected to the Board of Directors:

    Rannveig Rist
    Ásmundur Tryggvason
    Pétur J Eiríksson
    Sigurgeir Brynjar Kristgeirsson
    Skúli Valberg Ólafsson

    The following parties were elected as alternate directors

    Steinn Logi Björnsson
    Einar Þór Steindórsson
    Sveinn Þór Stefánsson
    Jón Sigurðsson
    Þorvarður Sveinsson


3.  Determination of the remuneration for the Board of Directors. 

    The following proposal was adopted by the meeting:

    „It is proposed that the remuneration of directors of the Company will be
    ISK 400,000 per month for the Chairman of the Board, ISK 200,000 per month
    for directors and ISK 100,000 for alternate directors for each meeting they
    attend.” 

4.  Other matters.

    No further proposals had been submitted.