The proposals submitted at Annual General Meeting of 365 hf. 11th of March 2008 were approved. 1. The following proposal on dividends was approved: The Board of Directors does not propose any payments of dividends for the year 2007. 2. The following proposals on amendments to the Articles of Association were approved: * Proposal that the Board of Directors will be given further authorisation to increase its share capital for the payment of liabilities due to concluded purchase rights agreements with employees. * Proposal that the Board of Directors will be given further authorisation to purchase the company's own shares, cf. Article 55 of the Act on Public Limited Companies. * Proposal that the Board of Directors will be given authorisation to increase its share capital by up to ISK 1,500,000,000. * Proposal that the Articles of Association state that the media should be formally invited to an AGM. 3. The following proposal on a remuneration policy was approved: The Board of Directors propose that no changes shall be made to the remuneration policy which was approved on the last AGM on the 20th of March 2007. 4. The following persons were elected as members of the Board of Directors for the term of one year: Board members: Árni Hauksson, Garðabæ Jón Ásgeir Jóhannesson, Reykjavík Magnús Ármann, Reykjavík Pálmi Haraldsson, Reykjavík Þorsteinn M. Jónsson, Reykjavík The following substitutes were elected: Matthías Imsland, Reykjavík Soffía Lárusdóttir, Mosfellsbæ 5. The following proposal on remuneration of the Board of Directors for the term of one year was approved: The Board of Directors proposes the remuneration of the members of the Board to remain unchanged. Individual Board Members will receive ISK 100.000 pr month and the Chairman 200.000 pr. month. Alternative members will receive ISK 50.000 for each meeting attended. The maximum payment of alternative members is ISK 1.200.000. 6. The following proposal regarding election of an auditor for the next accounting year was approved: The Board of Directors proposes KPMG Endurskoðun hf. as the company's Auditors. Further information: Please contact Ari Edwald CEO of 365 hf.