CONCLUSIONS OF THE SHAREHOLDERS' MEETING ON 8 SEPTEMBER 2009 The following proposals were submitted to the shareholders' meeting and were approved: 1. The Board's proposal for the amendment of Article 1 of the company's Articles of Association to change the company's name. The chairman of the meeting submitted a proposal to the effect that the name of the company be changed to A1988 hf. The proposal was submitted for approval and was approved by an overwhelming majority of votes. 2. Approval of agreements relating to the company's financial restructuring. The chairman of the meeting submitted the following proposal: “The shareholders' meeting of Hf. Eimskipafélag Íslands, held on 8 September 2009, confirms the Board's authorisation to assign all the company's assets relating to vessel operation to Eimskip Ísland ehf. and, in so doing, increase the share capital of that company and receive in return shares in Eimskip Ísland ehf. Furthermore, the meeting confirms the Board's authorisation to assign the above shares in Eimskip Ísland ehf., together with all other assets belonging to the company, with the exception of the 51% shareholding in Eimskip Tango ehf., to the company L1003 ehf. in exchange for the delivery of shares in L1003 ehf.” The proposal was submitted for approval and was approved unanimously.
CONCLUSIONS OF THE SHAREHOLDERS' MEETING ON 8 SEPTEMBER 2009
| Source: Hf. Eimskipafélag Íslands