The Board of Directors of 365 hf. has approved a motion to call an Extraordinary General Meeting on 1st of July 2008 in order to put to vote the Board‘s recommendation to proceed with the application for the de-listing of the Company‘s shares from the OMX Nordic Exchange in Iceland. If the motion for the de-listing is approved at the Extraordinary General Meeting, shareholders will be offered to sell their shares in 365 hf. Over 85% of 365 hf‘s shareholders have waived their right to sell shares and will keep their shares in unlisted 365 hf. Once the motion for the de-listing is approved by the Extraordinary General Meeting, 365 hf. will offer all shareholders to keep their shares in unlisted 365 hf. Shareholders that wish to sell their shares will be offered price of 1.2 per share, which is the average share price of 365 hf. 30 days prior to the Board Meeting on the 16th of June. Ari Edwald, CEO of 365 hf. commented: This outcome reflects that the board of the company does not consider it serve the interest of it and it's shareholders, the way the market has developed, to be registered in the OMX Nordic Exchange in Iceland. Lately the running of the company has been improved and it is now structured with fewer units that stand strong. On the other hand things could be changing in the business enviroment of media corporations like in most businesses in Iceland and that might make the registration unsuitable in the future. The profits from advertising will decrease but they are the biggest revenue of the media.