Solid Clouds hf. — AGM Information 2022

May 27, 2022

Press Release

26 May 2022 23:50:00 GMT

SOLID CLOUDS

Solid Clouds hf results of the Annual General Meeting on May 25, 2022

Solid Clouds' Annual General Meeting was held, Wednesday 25 May, at the headquarters of Arion Banki; non-attending members were able to follow the meeting online.

Sigurlina Ingvarsdóttir, Chairman of the Board, presented the board's report and Stefán Gunnarsson, CEO, and Stefán Þór Björnsson, CFO, reviewed the Company's operations and results in 2021. The annual financial statements were approved.

The AGM approved the board's proposal to increase share capital by ISK 2,500,000 in connection with stock option agreements.

The board of the company was returned unopposed for the next operating year. Members have divided responsibilities between them; Sigurlina is the chairman and Ólafur Andri Ragnarsson vice-chairman.

The board consists of:

• Sigurlina Ingvarsdóttir, Chairman
• Ólafur Andri Ragnarsson, Vice-Chairman
• Eggert Árni Gislason
• Guðmundur Ingi Jónsson
• Svanhvit Friðriksdóttir

The alternate members are:

• Brynjólfur Erlingsson
• Heimir Þorsteinsson
• Ársæll Valfells

The board's proposal on the remuneration of principal and alternate members was approved. At the same time, Solid Clouds' remuneration policy was approved unchanged.

The Company's auditor, Deloitte ehf, was re-elected for the coming year.

Solid Clouds

Eidistorgi 17

170 Seltjarnarnes

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Press Release

26 May 2022 23:50:00 GMT

SOLID CLOUDS

Further details of the results of the Annual General Meeting can be seen in the attached minutes.

For further information please contact

Investor Relations:
Stefán Þór Björnsson
stefanbjo@solidclouds.com

Certified Advisor:
Arion bank, Erlendur Magnús Hjartarson
erlendur.hjartarson@arionbanki.is

Attachments

Solid Clouds hf results of the Annual General Meeting on May 25, 2022
Aðalfundargerð Solid Clouds 25 Mai 2022

Solid Clouds

Eidistorgi 17

170 Seltjarnernes