1. Proposals for members of the Board of Directors for the next operating year Board members: Bogi Pálsson Eggert Dagbjartsson Erlendur Hjaltason Hákon Sigurhansson Sveinn Þór Stefánsson Detailed information on Board members can be found in Company's office at Lækjargata 4, 101 Reykjavík Alternates: Ásmundur Tryggvason Helgi Jóhannesson 2. Proposal on Auditor KPMG endurskoðun hf., Símon Á. Gunnarsson and Eyvindur Albertsson on their behalf. 3. Proposal on allocation of profits/loss The Board of Directors proposes that the Company does not pay dividends for the year 2006. 4. Proposal on the remuneration of the Board of Directors It is proposed that remuneration for Board members for the year 2007 will be ISK 600,000 and that remuneration for the Executive Chairman of the Board will be double that amount.