Eik Banki P/F - Boðun hluthafafundar

Notice to convene the Annual General Meeting

Notice is hereby given that the Annual General Meeting will be held on Saturday
27 March 2010 at 5.00 p.m. Faroese time, at the Nordic House in Tórshavn, Faroe
Islands with the following agenda: 

1.	Board of Directors' Report on the company's activities in the past financial
year. 
2.	Presentation of the audited Annual Report for adoption.
3.	Resolution on loss appropriation in accordance with the adopted Annual
Report. 
4.	Proposal to authorize the Board of Directors to autorize the company to buy
own shares in the period till the next Annual General Meeting. 
5.	Proposed amendments to the Articles of Association for Eik Banki P/F.
6.	Election of Board Members.
7.	Appointment of auditor.
8.	Any other business.

Agenda and Audited Annual Report 
The agenda and copies of the audited Annual Report will be available at the
Company's Headquarters Yviri við Strond 2 in Tórshavn no later than 8 days
prior to the Annual General Meeting. 

Proposed amendments to the Articles of Association
The Board of Directors has received a proposal to reduce the number of
boardmembers elected by the General Meeting from 7 to 6, and to change the
election period from 4 years to 3 years. The amendments are proposed valid from
the Annual General Meeting 2010, however with the exception that boardmembers
elected in 2007, 2008 and 2009 serve a full term. As a consequence, it is
proposed that Articles 15.1 and 15.2 shall be changed with the following
wording: 

“15.1 The Board of Directors shall consist of six members elected by the
General Meeting. To this shall be added any further members prescribed by
legislation.” 

 “15.2 The members of the Board of Directors elected by the General Meeting
shall be elected for a term of three years. Every year either one or two of the
members go out according to the order agreed upon by the General Meeting.
Outgoing board members are eligible for re-election.” 

The Board of Directors recommends that the amendments be adopted.

Sharecapital and Voting Rights  
The Company's share capital amounts to DKK 812.927.400 divided into 8.129.274
shares in the denomination of DKK 100,00. The Representatives excercise the
shareholders voting rights at the Company's General Meetings. Shareholders have
the right to attend the General Meeting by showing the admission card. They
have the right to speak but not to vote. 

Admission Cards
Admission cards can be obtained up to and including Friday 19 March 2010 at the
company website www.eik.fo or at request either by sending an e-mail to
office@eik.fo or by telephone +298 348571 or +298 348565. 

Custodian Bank
Eik Banki P/F is the issuer of the Company's own shares. Therefore,
shareholders may execute their financial rights by either contacting Eik Banki
P/F or their own custodian bank. 

On behalf of the Board of Directors

Yours sincerely



Frithleif Olsen, Chairman

Attachments:

stock exchange announcement 02_2010.pdf