1. Report of the Board of Directors on the activities in the preceding operating year and the Annual Accounts for 2006 were approved. 2. The motion before the meeting on remunartion of the Board of Directors was approved. The motion stated: A motion is made concerning fees to Directors. It is moved that directors receive ISK 250,000 per month with the exception of the Chairman, who shall receive ISK 500,000 per month. Reserve board members shall be paid a fixed fee of ISK 250,000, plus ISK 50,000 for each meeting attended. Those directors who take seat on either subcommittee shall receive an additional ISK 50,000 for each meeting they attend, and the Chairman shall receive double that amount. The total fee for attending meetings in subcommittees in the period, however, shall not exceed ISK 600,000 per year for each member, and double that amount for the Chairman. 3. The Board of Directors' motion on dividends was approved and it is based on the closing price per share today 6 March 2006 ISK 7.70 per share. The motion stated: The Board of Directors proposes that a 110% dividend be paid on the nominal value of shares, 50% will be paidin cash and 60% as shares in the company, paid out of the company´s own shares. Dividend payments will be based on the Company's share register at day's end on 6 March 2007. Ex-date dividend date is the day after the Annaul General Meeting, march 7, 2007. Dividends will be paid and shares transferred on 29 March 2007. 4. Proposal to authorise Atorka to purchase own shares was approved. The proposal stated: During the next 18 months, the Board of Directors of the Company may, with reference to Article 55 of the Public Limited Liability Companies Act No. 2/1995, purchase shares in Atorka Group hf. up to the amount of 10% of the nominal value of its share capital at any given time. The purchase price of the shares may be up to 15% higher than the last selling price. No minimum limit applies to this authorisation, regarding either the purchase price or the number of shares purchased each time. Upon the entry into force of this authorisation, the former comparable authorisation shall expire. 5. The current Board of Directors was reelected automatically. The Board of Directors is comprised of the following: Þorsteinn Vilhelmsson, Karl Axelsson, Hrafn Magnússon, Ólafur Njáll Sigurðssonl, Örn Andrésson and the substitutes Magnús Gústafsson and Stefán Bjarnason. 6. Election of an Auditor. PricewaterhouseCoopers was reelected. 7. Motion to amend Atorka´s Articles of Association was approved. The motion stated: Art. 1. A motion is made concerning an amendment to Article 1 of the Company's Articles of Association. The amendment involves a change in the Company's address. It is proposed that Article 1 read as follows: Article 1 The name of the Company is Atorka Group hf. Its address is Hlídasmári 1, Kópavogur. Art. 10. A motion is made concerning the amendment to Article 10. The amendment involves a new item on the agenda of the Annual Meeting regarding the remuneration Policy for the Atorka Group hf. It is proposed that a new sub-article will be added to Article 10, and the numbers of the following sub-article will be amended accordingly. The new sub-article will read as follows: Article 10. Sub-article 5: The Board's motion for a Remuneration Policy for the company. 8. Proposal by the Board of Directors on a Remuneration Policy for Atorka Group hf. was approved. The proposal stated: Atorka Group's hf. remuneration policy, as stated here below, is based on general principles for good corporate governance and long-term considerations for growth and maximising the return to the company's shareholders. Directors receive a fixed remuneration for their work. The remuneration paid to Directors and reserve directors is to be decided by Atorka's Annual General Meeting and paid in accordance with salaries paid to the company's employees in general. Directors' remuneration shall be based on the responsibility inherent in their position, the work contribution required in each case and the financial outcome of the company. Directors will choose three Directors to be members of the Remuneration Committee. The CEOs' terms of employment shall be based on their contracts. Their remuneration shall reflect, for instance, the size and scope of the company's operations, their responsibilities and the nature of their duties. The CEOs' remuneration may be a combination of basic salary, performance-linked benefits in cash and shares and stock options. At Atorka´s Annual General Meeting, its shareholders shall be informed of the total amount of remuneration paid to the Board of Directors and CEOs during the past year in the form of fixed salaries, the amount of performance-linked bonuses, payments in the form of stock options, and payments made upon termination of employment to persons leaving employment during the year, if any. It is noted that following the meeting the new Board of Directors convened and elected Þorsteinn Vilhelmsson as its chairman.