individuals below are candidates for the Board of Directors of Icelandic Group plc
at the Annual General Meeting on 23 March 2007:
Akureyri, CEO of Síldarvinnslan
Baldur Guðnason, Seltjarnarnes, CEO of Hf. Eimskipafélag Íslands
Guðmundur P. Davíðsson,
Reykjavík, Senior Director Landsbanki
Magnús Þorsteinsson, Akureyri, Chairman of the Board of Hf.
Eimskipafélag Íslands and Icelandic Group plc
Steingrímur H. Pétursson,
Akureyri, alternate Board Member of Icelandic Group
Reykjavík CFO of Sund ehf.
Stefán Ágúst Magnússon, Reykjavík CFO of Hf. Eimskipafélag Íslands
information on candidates for the Board of Directors is available at Icelandic
Group plc offices, Borgartún 27, Reykjavík, Iceland. According to the Articles of Association of
the Company the Board of Directors shall be comprised of five members and two
in the alternative. The above candidates will therefore be elected for the
Board without ballot at the Annual General Meeting.