Annual General Meeting Festi 2023

At the shareholders' meeting, one vote is attached to each krone of the nominal value of the share, while the share capital of Festi hf. is at the nominal value of krr. 312,500,000. The company's own shares do not enjoy voting rights. Di civînên parvekaran de, hêza dengdanê encamên hemî dozên asayî birêve dibe, heya ku ji hêla gotarên pargîdaniyê an qanûnên pargîdanî ve hatî destnîşan kirin. If the votes are equal to the election in the club, the lot will determine the outcome.

All shareholders are allowed to attend the general meeting, attend the proceedings and exercise their voting rights. Persons who are registered shareholders in the register of shares under the company's shareholder system when the general meeting takes place may exercise their rights at the meeting. The share listing is aimed at the settlement of transactions at Nasdaq Securities Center on March 21, 2023. Shareholders can have an agent attend the general meeting and thereby pass the voting rights on their behalf. Written powers of attorney must be returned upon registration for the meeting. A proxy form can be found above. Shareholders are also allowed to attend a meeting together with an advisor, but such advisor has neither the right to propose nor vote at the meeting. However, shareholders are allowed to give the floor to their advisor on their behalf.

Shareholders who wish to have a particular matter dealt with at the general meeting shall send a request for such consideration to the following address: fjarfestatengsl@festi.isno later than ten days before the meeting, i.e. no later than 10:00 a.m. on Sunday, 12 March 2023. Should a shareholder request that an issue be dealt with at the meeting or submitted a motion for resolution before that time, the final agenda and proposals will be updated on the Company's website and a notice published on Nasdaq Iceland no later than three days prior to the meeting. Shareholders may also submit questions relating to the advertised agenda item at the general meeting itself. Issues that have not been identified in the agenda of the shareholders' meeting cannot be taken for final resolution at the meeting except with the consent of all shareholders of the company, but a resolution may be made for guidance to the board of directors.

Those who intend to give the opportunity to sit on the board of directors must notify it in writing to the board of directors of the company at least five days before the start of the general meeting, i.e. on Friday 17 March 2023 at 10:00 a.m. They are the only ones elected to the general meeting who thus give themselves the option. An application form can be accessed above. Notification of availability shall be sent to the following address: fjarfestatengsl@festi.isor at the company's office in Dalvegi 10-14, Kópavogi. The amended proposal of the Nominating Committee from that set out in the Committee's report published alongside the meeting invitation will be published no later than March 20, 2023. Information about all candidates will be published on this website no later than two days before the general meeting.

Shareholders may request to be allowed to vote on issues that are on the agenda of the meeting by mail. A request for such a vote shall have been received at the Company's office or at the e-mail address fjarfestatengsl@festi.isbefore 10:00 on Friday, March 17, 2023.

A shareholders' meeting is lawful regardless of the meeting attendance if it is properly convened. The general meeting and meeting documents will be in Icelandic.

Kópavogi, 28 February 2023
Board of Directors of Festi hf.

‍