Skeljungur hf.

Results of Skeljungur´s AGM 2021 - Seite 3

To extend to 2022 the current authorization of the Board of Directors under paragraph 4 of Article 4 to increase the share capital of the Company by means of the issue of new shares up to the amount of ISK 198,567,566 (one hundred ninety-eight million five hundred and sixty-seven thousand and five hundred sixty-six Icelandic krónur), up to a maximum of 10% of the nominal value of the total share capital of the Company, when the Board sees need to do so; the new shares shall be used as consideration in trading when the Company acquires shares, assets and/or rights from other persons.

7. Proposal on an unchanged Remuneration Policy
Shareholder´s meeting approved the Company´s unchanged Remuneration Policy.

The current remuneration policy of the Company can be accessed on Skeljungur’s website: https://www.skeljungur.is/hluthafafundur-2021

8. Remuneration of Board Members, Sub-Committees and the Accountant

Shareholder´s meeting approved of the proposed amendments to the employment terms of Board and committee members:
a. Chairman of the Board of Directors: 700,000 ISK pr. month
b. Vice-Chairman of the Board of Directors: 500,000 ISK pr. month
c. Board Members: 350,000 ISK pr. month
d. Chairman of the Audit Committee: 110,000 ISK pr. month
e. Audit Committee members 65,000 ISK pr. month
f. Chairman of the Remuneration Committee: 65,000 ISK pr. month
g. Remuneration Committee members: 35,000 ISK pr. month
h. Chairman of the Nomination Committee: 25,000 ISK pr. hour as a contractor
i. Nomination Committee Members: 25,000 ISK pr. hour as a contractor
j. Board member of the Nomination Committee: 65,000 ISK
k. Auditors: according to invoices

9. Election to the Board of Directors
Following individuals were elected at the meeting to serve on the Board of Directors of the Company until next Annual General Meeting:
• Birna Ósk Einarsdóttir
• Jón Ásgeir Jóhannesson
• Nanna Björk Ásgrímsdóttir
• Sigurður Kristinn Egilsson
• Þórarinn Arnar Sævarsson

10. Election of the Nomination Committee
Following individuals were elected at the meeting to serve on the Nomination Committee:
• Katrín S. Óladóttir
• Sigurður Kári Árnason

11. Election of auditors
The meeting approved to re-elect KPMG ehf. as the Company's auditing firm for the year 2021.

12. Other matters

No other matters were lawfully brought up at the meeting. Meeting dismissed at 17:24.

Other relevant documents from the Annual General Meeting are available on https://en.skeljungur.is/shareholder-meeting-2021
* * *

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

Jón Ásgeir Jóhannesson was elected as Chairman of the Board and Birna Ósk Einarsdóttir was elected as Vice Chairman. Sigrún Guðmundsdóttir, Birna Ósk Einarsdóttir and Þórarinn Arnar Sævarsson took place in the Audit Committee.

In the Remuneration Committee Jón Ásgeir Jóhannesson and Sigurður Kristinn Egilsson were appointed. Then Þórarinn Arnar Sævarsson was nominated as a member of the Board of Directors to take place in the Nomination Committee.
Gróa Björg Baldvinsdóttir, Chief of Governance and Quality, was elected the secretary of the board of directors.

Attachment

• Results of Skeljungur AGM 2021