Brent Sugden, Versacold´s CEO has been appointed CEO of the coldstorage operation of Eimskip in America following organizational changes. Both Versacold and Atlas Cold Storage, which operate approximately 120 coldstorages form this division. Reynir Gíslason, which has been the CEO of Eimskip's operation in Americas since July 2006 and the CEO of Atlas since November 2006 will continue to be the CEO of operations other than coldstorage in America. Brent Sugden has vast experience in operating coldstorages and he has been the CEO of Versacold for the last six years. Brendt has managed Versacold successfully as Versacold has grown substantially in a competitive market environment. Eimskip has grown enourmously in North America with acquisition in the last year and therefore the Americas division has been parted into two divisions. These changes will strengthen Eimskip transportation services internationally. Eimskip operates approximately 120 coldstores and employes approximately 8,500 people in Americas. Additionally Eimskip has recently started liner service on the East coast of the U.S. and Canada. Reynir Gíslason, who was appointed the CEO of Atlas temporarily, has lead the company through great changes and improved the operation substantially. Now that Eimskip has acquired Versacold emphasis will be put on combining further the operation of these two companies to gain further improvement of the operations. Baldur Guðnason, CEO of Eimskip: “I´m very pleased that Brent Sugden has decided to lead both Atlas and Versacold which will be run separately to begin with. It's very important to assign a strong leader with vast experience as demanding assignments await the new CEO. The shipping operation of Eimskip in America has grown substantially and Reynir will focus on further development of these services where his was experience will add great value.” About Eimskip Hf. Eimskipafelag Islands is one of the largest companies in Iceland and is publicly listed on the Icelandic Stock Exchange. The company has over 90 years of experience in providing transportation, warehousing and logistics services in Europe, primarily in the North Atlantic region. Operating with 200 locations around the world in over 30 countries with a total of 14,500 employees, Hf. Eimskipafelag Islands has global reach. It owns or operates 50 vessels, 180 cold-store facilities, 25 wide body cargo aircraft and 2,000 trucks and trailers. Eimskip is traded on the Icelandic Stock Exchange under the symbol of HFEIM. To find out more about Eimskip, visit our website at www.eimskip.is.