Public offering of Eimskip's shares

30.10.2012

First day of a public offering

Today, Tuesday 30 October 2012, at 10.00 am a public offering of Eimskip‘s shares initiated. The offering will close at 16.00 pm on Friday 2 November 2012.

Registrations take place through the website of Straumur fjárfestingabanki hf., www.straumur.com and the website of Íslandsbanki, www.islandsbanki.is.

In relation to the public offering of shares in Eimskipafélag Íslands hf. (hereinafter named “Eimskip“ or “the Company“) pursuant to article 43 of act no. 108/2007 on securities transactions and the application of the Company for admission to trading of all of Eimskip‘s shares on the Main Market at NASDAQ OMX Iceland hf., Eimskip has published a prospectus, dated 22 October 2012, consisting of a summary, securities note and a registration document, all dated 22 October 2012, as well as a supplement to the prospectus, dated 29 October 2012 (hereinafter named “the Prospectus“).

The Prospectus and the supplement are issued in English, and are published on the Company‘s website, www.eimskip.is, along with an Icelandic translation of the summary. Hard copies of the Prospectus, as well as the supplement, can be obtained at Eimskip’s headquarters, Korngarðar 2, 104 Reykjavík. The Prospectus will be accessible for the next 12 months.

The total issued share capital of Eimskip is ISK 200,000,000, but thereof the Company holds 6.0% own shares. The Company‘s share capital consists of one class of shares and each issued share carries equal rights. The shares are registered electronically at the Icelandic Securities Depository and each with nominal value of ISK 1.0. The Board of Directors of the Company has applied for the ticker symbol EIM in the trading system of the NASDAQ OMX Iceland hf.

The sellers in the public offering will offer for sale 10,000,000 of already issued shares in Eimskip, that equal 5% of the total issued share capital. In case of excess demand in the public offering, the Company will offer for sale up to 6,000,000 of its own shares, which will increase the offering to up to 8% of the total issued share capital, or 16,000,000 shares. The minimum subscription is ISK 25 thousand, purchase value, for Eimskip’s employees and ISK 50 thousand, purchase value, for other investors. Shares are offered at a fixed price, ISK 208 per shares.

Further information is provided by employees of Straumur fjárfestingabanki hf. and Íslandsbanki, tel. 525 7070 between 10.00 am and 20.00 pm during the public offering.

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