Result of Extraordinary General Meeting 31 March 2014

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| Source: Atlantic Airways P/F
multilang-release

1. Christian F. Andreasen was elected chairman of the Extraordinary General Meeting.

2. The following proposal from the Board of Directors was approved:

“A proposal from the Board of Directors that the company shall be authorized to purchase own shares from the shareholders of the company, apart from shares owned by the Ministry of Trade and Industry, with whom the company is acting in concert, at a rate of DKK 210 per share, or ISK 4,403.28, per share, which at the same time is the maximum and minimum payment, for which the company may purchase own shares. The authorization to purchase own shares shall be valid for a maximum of one year from 31 March 2014 and the authorization shall therefore expire on 31 March 2015. The Board of Directors may as a minimum purchase 24 % of the entire share capital of the company and may as a maximum purchase 31.93 % of the entire share capital of the company.”