Eimskipafélag Íslands — AGM Information 2024

Mar 7, 2024

ANNUAL GENERAL MEETING OF EIMSKIPAFÉLAGS ÍSLANDS HF.

HELD AT COMPANY'S HEADQUARTERS

THURSDAY 7 MARCH 2024 AT 15:00 (GMT)

Enclosed are the results of the meeting.

1. The report of the Board of Directors on the activities of the Company for the financial year 2023 and confirmation of the consolidated financial statements for the financial year 2023 (agenda item no. 1 and 2)

The consolidated financial statements and report of the Board of Directors were approved.

2. Decision on the handling of the net earnings for 2023 (agenda item no. 3)

The meeting approved that the Company pays a dividend of ISK 22.53 per share to shareholders for the year 2023. The proposed total amount is ISK 3.70 billion, corresponding to approximately 45.9% of the Company's net earnings. Ex-Date is 8 March 2024, the Record Date is 11 March 2024 and the Payment Date is 17 April 2024.

3. Proposal to grant the Board of Directors an authorization to purchase own shares cf. Art. 11.2 of the Company's Articles of Association (agenda item no. 4)

The meeting approved the proposal on updating the authorization to purchase own shares.

4. Proposal to reduce share capital in relation to the share buy-back program and alteration of the Company's Articles of Association (agenda item no. 5)

The meeting approved the proposal on reducing share capital in relation to the share buy-back program and alteration of the Company's Articles of Association.

5. Proposal to alter Article 8.2 of the Company's Articles of Association (agenda item 6)

The meeting approved the proposal of altering Article 8.2 of the Company's Articles of Association.

6. Proposal on the Company's Remuneration Policy (agenda item no. 7)

The meeting approved the proposed Remuneration Policy from the Board of Directors.

The Company's current Remuneration Policy can be found on the AGM 2024 webpage and on the Company's Investor site.

7. Election to the Board of Directors (agenda item no. 8)

The meeting elected the following individuals to serve on the Board of Directors of the Company until next Annual General Meeting:

Guðrún Blöndal Lárus L. Blöndal Margrét Guðmundsdóttir Ólöf Hildur Pálsdóttir Óskar Magnússon

The meeting elected the following individuals to serve as the alternate Board of Directors of the Company until next Annual General Meeting:

Baldvin Þorsteinsson Jóhanna á Bergi

8. Decision on remuneration to the members of the Board of Directors, the alternate Board members, and subcommittees (agenda item 9)

The meeting approved the proposal of the Board of Directors on remuneration to the members of the Board of Directors, the alternate Board members and subcommittees. The remuneration will be as follows:

Chairman	ISK 700,000 per month
Vice-Chairman	ISK 570,000 per month
Directors	ISK 380,000 per month
Alternates	ISK 140,000 per attended meeting, but shall never exceed ISK 380,000 per month
Members of the

Audit Committee, the Remuneration Committee, and the Nomination Committee ISK 140,000 per month

The remuneration of the Board of Directors and committee members is fixed and shall apply to the next term.

9. Election of auditors (agenda item no. 10)

The meeting approved to elect PricewaterhouseCoopers ehf., Skógarhlíð 12, 105 Reykjavík, as the Company's auditing company for the year 2024.

10. Proposal on the appointment of an external member of the Audit Committee (agenda item no. 11)

The meeting approved the proposal of appointing an external member of the Company's Audit Committee.

Following the Annual General Meeting the Board of Directors met and decided on allocation of responsibilities.

Óskar Magnússon was elected as Chairman of the Board of Directors and Margrét Guðmundsdóttir was elected as Vice Chairman.