Hf. Eimskipafélag Íslands - Agenda for the Annual General Meeting 2007

The 2007 Annual General Meeting of Hf. Eimskipafélag Íslands will be held at its headquarters at Sundaklettur, Korngarðar 2-4, Reykjavik, Iceland at 4 pm on Tuesday 27. February 2007.

Agenda
1.	The report of the Board of Director on the activities of the company during the preceding year of operation.
2.	Submission of the Annual Accounts for the preceding year of operations.
3.	Decision concerning the allocation of the company's profit of the preceding accounting year. 
4.	Determination of the remuneration of the Board of Directors.
5.	Motions to amend the company's Articles of Association.
a.	Proposal to amend Article 12. Add a paragraph after paragraph 3 on electronic participation in shareholders meetings. 
b.	Proposal to amend article 13. Add that numerical 5 states a proposal for a Remuneration Policy in the agenda of AGM.
c.	Proposal to amend article 19. 
i.	Paragraph 1. Replace the word "weekdays" with "days". 
ii.	New paragraph 2 regarding information in notification of candidature for the Board. 
6.	Election of the Board of Directors.
7.	Proposal for a Remuneration Policy.
8.	Election of an Auditor.
9.	Proposal to authorize the Company to purchase own shares.
10.	Other matters lawfully submitted.

Ballot papers and other material will be distributed at the entrance from 3 pm on the day of the meeting.

Those making themselves available for the Company's Board of Directors shall give notice thereof in writing to the Board no later than five weekdays before the beginning of the Annual General Meeting. 

Declarations of candidacy should be submitted in writing to the Board of Directors, Konrgörðum 2-4, Reykjavík, Iceland.