Hf. Eimskipafélag Íslands - Changes board/management/auditors

Management changes in Eimskip in America

The integration process of Versacold, Atlas and Eimskip operations in USA and
Canada is now finalized. Brent Sugden, Versacold´s CEO has been appointed CEO
of all operation of Eimskip in America which include Eimskip, Versacold and
Atlas Cold Storage. Reynir Gislason, which has been the CEO of operations other
than coldstorage in America has resigned from Eimskip with immediate effect. 

Gylfi Sigfusson has been appointed Executive Vice President, responsible for
Eimskip Americas services including import and export to and from Iceland and
other cross trades in reefer logistic. Gylfi will report to Brent Sugden and
join the management team of Eimskip Americas including Versacold, Atlas
Coldstorage and Eimskip activities. 

Brent Sugden has vast experience in operating coldstorages and he has been the
CEO of Versacold for the last six years. Brent has managed Versacold
successfully as Versacold has grown substantially in a competitive market
environment. 

Eimskip operates approximately 120 coldstores and employes approximately 8,500
people in Americas, total turnover is 1,2 billion USD or EUR 800 million. 

Eimskip wishes Reynir all the best in future projects and thanks him for his
good work for the company. 

Further information: Baldur Gudnason, CEO of Eimskip, tel:+354 525 7202

About Eimskip
Hf. Eimskipafelag Islands is one of the largest companies in Iceland and is
publicly listed on the Icelandic Stock Exchange. The company has over 90 years
of experience in providing transportation, warehousing and logistics services
in Europe, primarily in the North Atlantic region. 

Operating with 200 locations around the world in over 30 countries with a total
of 14,000 employees, Hf. Eimskipafelag Islands has global reach. It owns or
operates 50 vessels, 180 cold-store facilities and 2,000 trucks and trailers. 

Eimskip is traded on the Icelandic Stock Exchange under the symbol of HFEIM. To
find out more about Eimskip, visit our website at www.eimskip.com.