Sjá enska frétt: Mosaic Fashions proposals for the Annual General Meeting on 24th May 2007 1. Proposals for members of the Board of Directors for the next operating year. Stewart Binnie, UK - Chairman of Mosaic Fashions Derek Lovelock, UK - CEO, Mosaic Fashions Richard Glanville, UK - CFO, Mosaic Fashions Gunnar Sigurðsson, Iceland - Non Executive Director, Mosaic Fashions; Managing Director Baugur Retail Division Thor Sigfusson, Iceland - Non Executive Director, Mosaic Fashions; CEO, Sjova 2. Election of an Auditor for the next operating year. It is proposed that KPMG Endurskodur hf. be elected as the company's auditors and that Sigurdur Jonsson, certified auditor, perform this duty in conjunction with his colleagues in the UK, on behalf of the auditing company. 3. Proposal on remuneration for the Board of Directors It is proposed that the Non Executive Board members receive £35,000 per annum and that the Non Executive Chairman receives £100,000 per annum for their roles on the Board. The Executive Board members receive a salary for their Executive role which includes their duties on the Board. 4. Proposal on dividends In line with Mosaic Fashions' communication at the time of listing, the Board have agreed that no dividend will be paid for the operating year 2006-07. This will be reviewed at the end of the next operating year. In other respects, reference is made to the Annual Accounts of Mosaic Fashions as with regards further disposal of profits and other changes to the company's equity. The Mosaic Fashions Annual General Meeting will be held at 4pm on 24th May 2007 at the Nordica Hotel.