The Annual General Meeting of Mosaic Fashions hf will be held at the Nordica Hotel, Reykjavik, Thursday 24 May 2007 at 16.00hrs. The agenda of the meeting as per article 13 of the Company's Articles of Association is as follows: a) The report of the Board of Directors on the activities of the Company in the preceding operating year b) Submission of the Annual Accounts for 2006-07 and the auditor's report for approval. c) Elections to the Board of Directors. d) Election of an Auditor. e) Determination of the remuneration to the Board of Directors. f) Decisions on the disposal of earnings or loss of the Company for the preceding financial year. g) Any other business. The meeting will be conducted in English. The Annual Report will be available for inspection to shareholders on the Mosaic Fashions website from Tuesday 22nd May 2007. For further information please contact the company's Investor Relations Manager, Jess Wilks on +44 207 7452 1122