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Eimskip: Court of Appeal confirms district court verdict

Reference is made to a press release from 30 June regarding Eimskip‘s claim towards the Icelandic Competition Authority‘s (ICA) investigation.

Eimskip’s claims in this case are twofold: Firstly, that ICA’s investigation in its entirety is deemed illegal and should be ceased. Secondly, that seized documents from two dawn raids should be returned and all copies destroyed.

ICA demanded that the district court would dismiss Eimskip’s claims. On 10 October Reykjavik District Court ruled that Eimskip’s first claim should be dismissed but rejected to dismiss the second claim.

Eimskip referred the dismissal to the Court of Appeal. Today the Court of appeal confirmed the ruling of Reykjavik District Court of dismissal of the first claim.

As a result, Eimskip’s second claim that seized documents from two dawn raids should be returned and all copies destroyed will not be dismissed. That claim is based on all same arguments as the first claim concerning the illegality of the investigation and Reykjavík District Court will hear that claim in coming months.

Eimskip will evaluate its legal status following this ruling.

For further information please contact Edda Rut Björnsdóttir, head of Marketing & Communication via phone (+354) 825-3399 or investors@eimskip.is