Enclosed is information on candidates to the Board of Directors of Eimskip to be elected at the Extended Annual General Meeting 26 April 2019, cf. Art. 63 a., pg. 4, of Act no. 2/1995 respecting Public Limited Companies.

Vilhjálmur Vilhjálmsson has withdrawn his candidacy to the Board of Directors, but declared instead his candidacy to the Alternate Board of Directors. Phil Quinlan has withdrawn his candidacy to the Alternate Board of Directors. According to the Company’s Articles of Association, the Meeting elects five members for the Board of Directors. As five declared candidacy to the Board of Directors and the proportion between genders is in accordance with applicable law and Company’s Articles of Association, candidates will be elected to the Board of Directors without ballot at the meeting.

Candidates to the Alternate Board of Directors are: Erna Eiríksdóttir, Jóhanna á Bergi and Vilhjálmur Vilhjálmsson. According to the Company's Articles of Association, the Meeting elects two alternate members for the Board of Directors. As three declared candidacy to the Alternate Board of Directors elections will be held on the Alternate Board of Directors at the meeting.

Information on the candidates can be found on the Company’s website: www.eimskip.com/investors/agm

Eimskipafélag Íslands hf.'s Extended Annual General Meeting will be held on Friday 26 April 2019 at 16:00 (GMT) at the Company's headquarters in Korngardar 2, Reykjavík, Iceland.