The Annual General Meeting of Flaga Group hf. will be held on Thursday 17 April
2008 at 10:00am at Hilton Reykjavik Nordica, Sudurlandsbraut 2, Reykjavik.
Agenda:
1. Presentation of the Report of the Board of Directors on activities of the
Company in 2007.
2. Presentation of the Operation of business segments of the Company during
2007.
3. The Financial Statement of the Company during 2007, including an audit
report submitted for confirmation.
4. Decision in respect of dividends for the year 2007.
5. Election of the Board of Directors.
6. Election of an Audit Firm.
7. Decision of remuneration to the members of the Board of Directors of the
Company.
8. Proposal for amendment to the Company's Articles of Association:
a. Amendment to Article 4, Paragraph 3, of the Articles of Association
regarding the authorization to increase the share capital by the amount
resulting from the possible conversion of convertible subordinated bonds
issued by the Company to Kaupthing Bank hf. on 21 November 2003, the
maturity date of which can now be extended to 15 January 2009.
9. Other matters.
a. Presentation on the thoughts of the Board of Directors towards continued
listing of the Company on the Nasdaq OMX Nordic Exchange.
The following individuals have submitted their candidacy for the Board of
Directors for the fiscal year 2008:
Bogi Pálsson Alternates:
Eggert Dagbjartsson Helgi Jóhannesson
Erlendur Hjaltason Hildur Árnadóttir
Hákon Sigurhansson
Sveinn Þór Stefánsson
Shareholders' proposals must be submitted to the Board at least seven days
before the General Meeting.
The agenda, final submissions and financial statements will be available for
examination by shareholders by request to the the group's Chief Financial
Officer, Criss Sakala via email at criss.sakala@embla.com. The documents will
also be posted for examination at www.flagagroup.com.
Ballots and other documents will be available at the Hilton Reykjavik Nordica
from 09:30am on the day of the Annual General Meeting.
Reykjavik, April 2008
Flaga Group hf. Board of Directors
