Reykjavik District Court confirmed composition agreement

| Source: Hf. Eimskipafélag Íslands Hf. Eimskipafélag Íslands 

PRESS RELEASE:

Hf. Eimskipafelag Islands:


REYKJAVIK DISTRICT COURT CONFIRMED COMPOSITION AGREEMENT


The District Court of Reykjavik confirmed the composition agreement between Hf.
Eimskipafelag Islands and its creditors today. 


Hf. Eimskipafelag Islands will pay all claims of all creditors as stipulated in
the composition proposal, which was approved by 100% of creditors on August 14,
2009. 



Reykjavik, August 28, 2009