Vátryggingafelag Íslands : Final agenda for VIS AGM 2024

Final Agenda and Proposals for the

Annual General Meeting of Vátryggingafélag Íslands hf. 2024

The Board of Directors of Vátryggingafélag Íslands hf. has announced that the Annual General Meeting of the Company will be held on Thursday, 21 March 2024, at the Company's headquarters at Ármúli 3, 108 Reykjavik. Remote participation will be available. The meeting will commence at 4:00 p.m. local time.

The agenda is as follows:

1. Report of the Board of Directors on the activities of the Company in 2023.
2. The Board of Directors submits for approval the Company's audited annual financial statements.
3. Decision on the Board of Director's proposal on allocation of the year's profits and the payment of a dividend.
4. Resolution for the Company's remuneration policy.
5. Proposals to amend the Company's Articles of Association.
6. Decision on fees for members of the Board of Directors, sub-committees of the Board of Directors and the Nomination Committee.
7. Election of the Board of Directors.
8. Election of an auditing firm.
9. Election of the Nomination Committee.
10. Election of a member of the Company's Audit Committee.
11. Proposal for an authorisation to repurchase shares.
12. Discussion of any other lawfully submitted business.

Shareholders could add items to the meeting agenda and submit resolution proposals before 4:00 p.m. on Monday, 11 March 2024, as required by Article 12 of the Company's Articles of Association. No such proposals were received by the Company and therefore the agenda for the meeting is unchanged from the original notice of the meeting.

Shareholders can fully participate in the meeting remotely without having to attend in person through Lumi AGM. It will be possible to follow the meeting via a live webcast and shareholders will also be able to vote by electronic means and submit written questions through the Lumi app or the Lumi website. Electronic participation will equal attendance at the meeting and will confer the right for full participation in the meeting. Shareholders can submit questions for the AGM by e-mail to stjorn@vis.isor at the meeting itself.

Voting at the meeting will be conducted entirely via Lumi AGM. All shareholders, whether attending in person or participating remotely, are encouraged to download the Lumi AGM app to their smart devices, but they will also be able to vote through the Lumi AGM website. Preliminary voting on the meeting proposals will be open from 12:00 p.m. to 2:00 p.m. on the day of the meeting. Further information on the preliminary voting can be found in the instructions on electronic participation on the Company's website.

A shareholder can instruct a proxy to attend the meeting on his or her behalf. The proxy holder shall present a written and dated proxy form, available on the Company's website.The proxy form shall be valid for a maximum of one year from its issue.

Shareholders or shareholders' proxies who wish to attend the meeting, either remotely or in

person, are asked to register at no later than by 4:00 p.m. on 19 March 2024, being two days before the meeting. Registration requires a photo of ID and a proxy form, if applicable. The shareholders' voting rights at the meeting shall depend on the number of shares registered at the end of registration deadline. Voting rights at the meeting are therefore based on registration of the shareholders' shares at 4 p.m. on 19 March 2024.

This meeting notice, which is referred to in addition to this notice, the Board of Directors' proposals for the meeting, proposal for the Company's remuneration policy, the report of the Nomination Committee, which includes the committee's recommendations for the composition of the Board, can be found on the Company's website. Other documents such as the report on the implementation of the remuneration policy and English translations of the meeting materials, have been made available on the Company's website. The Company's Annual Report will also be published on the Company's website.

Reykjavik, 14 March 2024

The Board of Directors of Vátryggingafélag Íslands hf.