Below are candidates for the Board of Directors of Exista hf. at the Annual General Meeting, held at the Hilton Reykjavík Nordica on 28 February 2008 at 5:00pm. Ágúst Gudmundsson, London, UK Bogi Óskar Pálsson, Gardabær, Iceland Gudmundur Hauksson, Reykjavík, Iceland Hildur Árnadóttir, Reykjavík, Iceland Lýdur Gudmundsson, London, UK Robert Tchenguiz, London, UK Sigurjón Rúnar Rafnsson, Saudárkrókur, Iceland Further information on candidates for the Board of Directors is available at Exista headquarters, Ármúli 3, 108 Reykjavík, Iceland. According to the Articles of Association of the Company the Board of Directors shall be comprised of up to seven members. Therefore, it is clear that the above candidates will be elected for the Board without ballot at the Annual General Meeting.