Annual General Meeting of Alfesca hf. will be held on Monday 20 October 2008 at
16:00 at Hilton Reykjavik Nordica Hotel.
Agenda:
1. The Board of Directors report on the Company's operations and results for
the financial year ended 30 June 2008.
2. Annual accounts for the financial year ended 30 June 2008 and the
auditors' report
3. Proposal on payment of dividends and the disposal of the Company's profit
for the financial year ended 30 June 2008.
4. Remuneration of members of the Board of Directors.
5. Proposal of the Board of Directors on the remuneration policy of the
Company.
6. Election of members of the Board of Directors for a period of one year.
7. Appointment of the auditors of the Company.
8. Proposal to authorise the Company to purchase own shares.
9. Proposals to amend the Articles of Association of the Company
A proposal to authorise the board of directors of the Company to increase
the share capital of the Company by up to ISK 2,300,000,000.00 in nominal
value through the subscription of up to 2,300,000,000 new shares or to
issue a convertible bond in the maximum amount of ISK 2,300,000,000,
entitling the creditor to convert his claim against the Company into shares
and in connection with such conversion the board of directors is authorised
to increase the share capital of the Company by up to ISK 2,300,000,000.00
in nominal value through the issue of up to 2,300,000,000 new shares. The
board of directors shall determine more specifically how this increase will
be executed with reference to price and terms of payment. The current
shareholders waive their pre-emptive rights to the new shares issued in
accordance with this authorisation. The authorisation is valid until 1
October 2013, to the extent that it has not then been exercised.
A proposal to amend the provisions of the Company´s Articles of Association
respecting electronic participation of shareholders. The Company´s board of
directors is given discretion to determine if and how electronic
participation of shareholders is implemented and other matters relating to
such implementation are clarified.
10. Proposal on the Company´s dividend policy.
11. Other business.
The meeting will be held in English.
Proposals from shareholders which are to be submitted at the meeting shall
have been received by the board of directors no later than seven days in
advance in order to be included on the agenda.
The agenda of the meeting, annual accounts and final proposals will be
available for shareholders at the company's office at Kringlan 7, 103
Reykjavík, Iceland seven days before the meeting.
Ballots and other materials will be available at the venue of the meeting as
well as at the company's office on the day of the meeting.
Shareholders are afforded an opportunity of casting votes on issues on the
agenda of the meeting by letter or mail. Shareholders can submit a written
request to the Company´s offices to receive ballots by mail. Such a request
must be submitted to the Company´s offices no later than 5 days prior to the
meeting. Shareholders can furthermore collect their ballots at the
Company´s offices from 5 days prior to the meeting or cast their votes at
the premises. Votes cast in the above manner must be at the Company´s
offices before the start of the meeting.
Further information are available on the Company´s website www.alfesca.com
Reykjavik 3 October 2008.
Alfesca hf. Board of Directors.