Landic Property hf's shareholders meeting will be held on

A Shareholders Meeting of Landic Property hf. will be held at the company´s
office at Kringlunni 4-12, Reykjavík on Monday, 29 June 2009 at 11:00 AM. 

Agenda:
1.Main proposals of the Board of Directors to amend the Company's Articles of
Associations 
a.Proposal to fully reduce share capital and increase again to the minimum
requirements. 
b. Proposal to increase the Board of Directors authority to issue new shares.
c. Proposal to amend the way shareholders meetings are called. 
d. Proposal that the Annual General Meeting shall be held before the end of
August every year. 
2. Election of a Board of Directors
3. Any other matters

The agenda and final submissions are available for shareholders at Landic
Property's headquarters. 

Board of Directors of Landic Property hf

Landic Property hf's shareholders meeting will be held on 29 June 2009