The following proposals submitted at the Shareholders Meeting of 365 hf. today, 1st of July 2008, were approved by shareholders representing 88,5% of the total share capital. 1.Proposal that the Board shall request that the Company‘s shares will be delisted from OMX Nordic Exchange in Iceland. - The proposal was approved by 100% of total votes cast. 2.Proposal to authorize the Board to purchase shares in 365 hf. from shareholders that so request. The offer shall be valid until 11th of July 2008 at 4.00 p.m. The purchase price shall be share price of 1.20 - The proposal was approved by 100% of total votes cast. 3.Proposal to authorize the Board in relation to proposal cf. 2 here above to purchase up to 15% 365‘s own shares for the nominal value of ISK 1.20 per share. The authority shall be valid until 31st of July 2008. If 365 hf. acquires over 10% of the share capital the Board of Directors shall reduce the share capital in accordance with law, so that total shares held by 365 hf. in the Company amounts to no more than 10% of the share capital. - The proposal was approved by 100% of total votes cast.