On the 27th of March the Icelandic Financial Supervisory authority (FME) published its decision on appointing a Resolution Committee, which will take over all authority of the Board of Directors in accordance with the articles of Company Law - Act No. 2/1995 Respecting Public Limited Companies, in accordance with Article 100 a of the Act on Financial Undertakings.

The members of the committee are:
Erling Tómasson, State Authorized Public Accountant at Deloitte
Hjördís Edda Harðardóttir, Attorney for the Supreme Court of Iceland
Jón Ármann Guðjónsson, Attorney at law