Reykjavik, Iceland, 4 March, 2008, Hf. Eimskipafelag Islands (OMX: HFEIM), the international transportation and logistics company, today announced that it has extended its loan guarantee granted to the purchasers of XL Leisure Group, in relation to the disposal of the company in October 2006. The guarantee of US$ 280 million expires on 5 March. Due to market conditions in global financial markets, the guarantee has now been extended until 5 May 2008 to enable XL Leisure Group to complete its refinancing. For further information Halldor Kristmannsson Executive VP of Corporate Communications Tel: (+354) 8403425 E-mail: halldor.kristmannsson@eimskip.is About Eimskip Hf. Eimskipafelag Islands (OMX: HFEIM), international transportation and logistics company 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 14,000 employees, Hf. Eimskipafelag Islands has global reach. It owns or operates 50 vessels, 180 cold-store facilities 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.com.
Eimskip extends loan guarantee in relation to the disposal of XL Leisure Group
| Source: Hf. Eimskipafélag Íslands