Press release from Eimskipafélag Íslands hf (EIMSKIP)

Wednesday, December 14, 2011

The board of directors of Eimskipaf√©lag √ćslands hf. has resolved to prepare the Company for listing on the NASDAQ OMX Iceland. The goal is that trading of shares in Eimskip on the stock market NASDAQ OMX Iceland can start in the later part of the year 2012.

The objective of the listing is to establish distributed ownership of shares  in the Company. The aim is to offer shares both to institutional investors as well as private investors.

Eimskip did undergo financial- and operational restructuring  two years ago  and the Company's operations have been profitable since then. 

The current two largest shareholders of Eimskip are Old Landsbanki and the Yucaipa Companies, private equity investment company, who jointly hold over 70% of the shares in the Company.