Reference is made to the news coverage by the Icelandic National Broadcasting Services (RÚV) on 14 October 2014.
The Company announced on 10 September 2013 that the Icelandic Competition Authority had commenced an investigation on the Company and requested information. Repeatedly the Company has requested information on the alleged breach of competition law and has in relation there to twice appealed the decisions of the Icelandic Competition Authority to the Competition Appeals Committee. On 30 September 2014 the Competition Appeals Committee rescinded in part the decision of the Icelandic Competition Authority dated 3 June 2014 and ordered the Icelandic Competition Authority to grant the Company access to the documents within two weeks from the date of the ruling. The Company received the documents on 8 October, which did not reveal the merits of the case.
In RÚV's broadcast it was disclosed that the Icelandic Competition Authority had reported the CEO of Eimskip, as well ascertain unnamed employees of the Company, to the Special Prosecutors Office for alleged breach of Article 10 of the competition law.
Furthermore RÚV cites the report from the Icelandic Competition Authority to the Special Prosecutors Office. The Company has not received nor seen the report and can therefore neither comment on the content of it nor on the names of those reported. It is clear from RÚV's coverage that the news network has received much more detailed information on the investigation than the Company itself.
The Company rejects all allegation of any violation against competition law.