Eimskipafélag Íslands — Director's Dealing 2017

May 24, 2017

STANDARD FORM - NOTIFICATION OF THE ACQUISITION OR DISPOSAL OF MAJOR PROPORTIONS OF VOTING RIGHTS

FIÁRMÁLAEFTIRLITIÐ .
FHE FINANCIAL SUPERVISORY AUTHORITY, ICELAND

VOTING RIGHTS ATTACHED TO SHARES-ARTICLE 85 OF THE ACT ON SECURITIES TRANSACTIONS NO. 108/2007

• $\mathbf{1}$ . Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱ: EIMSKIPAFELAG ISLANDS HF
• Reason for the notification (please tick the appropriate box or boxes): $\overline{2}$ . $[X]$ an acquisition or disposal of voting rights

[] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

[] an event changing the breakdown of voting rights

1. Full name of person(s) subject to the notification obligation $\ddot{ }$ : Eaton Vance Management

2. Full name of shareholder(s) (if different from the person mentioned in point 3.) $\frac{di}{dx}$ .

Global Opportunities Portfolio	650215-9820
Global Macro Portfolio	680510-9460
Global Macro Absolute Return Advantage Portfolio	410910-9930
Global Macro Capital Opportunities Portfolio	521113-9950
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund	660313-9900
Pacific: IGPACSEL/Pacific Select Fund Global Absolute Return Fund	431012-9790

1. Date of the transaction and date on which the threshold is crossed or reached iv: 22nd of May 2017

2. Threshold(s) that is/are crossed or reached: $5\%$

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7. Notified details:

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction vi
	Number of Shares	Number of Voting rights vii	Number of shares	Number of voting rights viii		% of voting rights
			Direct	Direct ix	Indirect x	Direct	Indirect
IS0000019800	9,942,781	9,942,781			10,281,281		5.14%
SUBTOTAL A (based on aggregate voting rights)				10,281,281		5.14%

B) Financial Instruments
Resulting situation after the triggering transaction xi
Type of financial instrument	Expiration Date xii	Exercise/Conversio n Period/Date xiii	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
		SUBTOTAL B (in relation to all
		expiration dates)

Total $(A+B)$ [if ` applicable\	number of voting rights	$%$ of rights VO1
	_________

1. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xiv:

FIÁRMÁLAEFTIRLITIÐ THE FINANCIAL SUPERVISORY AUTHORITY, ICELAND

Global Opportunities Portfolio	650215-9820
Global Macro Portfolio	680510-9460
Global Macro Absolute Return Advantage Portfolio	410910-9930
Global Macro Capital Opportunities Portfolio	521113-9950
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund	660313-9900
Pacific: IGPACSEL/Pacific Select Fund Global Absolute Return Fund	431012-9790

1. In case of proxy voting: [name of the proxy holder] will cease to hold [number] voting rights as of $[date]$ .

2. Additional information: Done at Boston, Massachusetts, United States on the 22nd of May 2017.

Boston, Massachusetts, United States, 22nd of May 2017

Mchael Ortiz

Eaton Vance Management