WPC EkHw"@f!@fžjِ , WU h?3kl4@.8&gnyVXK{#]k5~ҝE HEr[$3 ۛj["3Ou-g_.PB)7\˶+X8ށ0痋6Ns'Yw^ r壀H:af`c߁j-LWl7$w7 *Bg}Id\6'w<)ujG =7X:1$&@҆l JYfk50GkoE.*aP'x쮤txgbl K/XDXE0#zǨ܆6ۅA(f___Ll4 04 0@5 05 06 07 0X8 09 09 0: 0Z; 0<< 1M< 72<<= 1B>7> 72@ 12@ 72@ 1@ 72rA 1A 72+BE]B 0_B 0<_C 0,C 0C 0&YD 0E 0=F 0:F 05G 0-G 00I 00DJ 03tK 0L 0`O 0R 0T 0 W 0X 05[ 0Y[ B-\ AMJ\ 0N\ 0\ 0]N#^ 0%^ 0^ 0c_ 0` 1` 0>a 0va 0Sf 0vf D5hk 0vk 0Kp 0^p 00t 0Euv 0-v 0ww A)x 0x 0*ey 0z 0'T{ 1u{| 0$| 0!~ 05 0S 0n 00 0 0*o 0' 0$ 0! 0 0# 0> 03V 00 0- 0* 0' 727 0$i 0! 0 1̗ 0m 00 0- 0* 0' 0$6 0!Z 0{ 0 0 00̣ 0- 0*) 0'S 0$z 0! 0 0ݫ 0 03U:C 00} 0- 0*ڱM 0' 0$/ 0!S B-t 0 0 00ڸ 0- 0*7 0a 0'1 0DX 0$ 0! 0 0 0 032 00e 0- 0* 0' 0$ 0!7 0X 0v 0 00 0 0n 0 0 0K 0 0 0 0 0- 0 0E 0 0] 0 0u 0 0 0 0 0 0C 0 0[ 0 1Us 7 1e 79 1eG 7 1U 7 U ,U>G 7 7 7 7 1 72@ 1r 72 1+ 72 1 72k 1 72$ 1V 72 1 72 0 0jY DC 1 72 1 72F 1x 72 11 72 0 0p 1 1 1 1 0 0= 0 0 0D 1 1 1 1 72. 1` 72 1 72 0 0 0 0 0 0{ 0f 0N 06 0 0 0 0 0 0g 0@ 0 0 0  0  0  0d  0?  0 0 0 0& 0 0Y 0# 04 0 0<SU. 0c 0) 0 0F 0B 0(1 AQY B&d9 Z6Times New Roman RegularX(1$ IS , .\R6&A4\X_XXXTRW<6&A4W<6&A4 6&A4 6&A4T ? 9XX_-?vbX-#ggdd  80dd8ISUS.,     Adobe PDFyy0\\Mimir\forrit\WP2000\template\SKJRIT~1.WPT\\Mimir\forrit\WP2000\template\SkjritunY2k.wptU%u?ό|)rirs?gs}@ 3|xLevel 1Level 2Level 3Level 4Level 5)!dxdx_*+ (_2623  .. "h?nnunargreinum$t?lvunarfr%Winga"lUsingarh?nnuWa(iWnaWarrWuneytinuupptalningunastarfsheitinu"kerfisfr%WingurCtskriftt?lvut%kna&RafiWnaWarsk;lanst?lvukerfum&t?lvunarfr%Wiskor&t?lvunarfr%Wingar,t?lvunarfr%Wingarnir$skyldunmskeiWum$skyldueiningunum,st%rWfr%WinmskeiWum(st%rWfr%Wigreiningbestunarfr%Wi&t?lvunarfr%Winnar$t?lvunarfr%Winni&skyldueiningarnar2t?lvunarfr%WinmskeiWumt?lvusviWinu"grunnskilningur(t?lvunarfr%Wideildkj?rsviWa&notendahugbCnaWar$kerfishugbCnaWar&viWskiptafr%Wivalt%knigreinum"kerfisfr%Wingarkj?rsviWiforritun"st%rWfr%Wigrunn$umfj?llunarefniW(st%rWfr%WinmskeiW6t?lvunarfr%Wideildarinnart?lvuv%WingarSkUrr hugbCnaWargerW loftskeytamennkerfisfr%Wing"Ctskriftarnemar"CtskriftarnemumstarfsheitiW&t?lvunarfr%WingurhugbCnargerW kerfisfr%WinganetkerfumCtskrifaW&RafiWnaWarsk;linnumsagnaraWili"lgmarksmenntun$starfsheital?ginl?ggilt"rafverkfr%Wingarafverktaka$lUsingarh?nnuWur*D+J (_25   ," <DL,23  ..  2( 4 <DL2  ӂLevel 1Level 2Level 3Level 4Level 5Level 1Level 2Level 3Level 4Level 5Level 1Level 2Level 3Level 4Level 5Level 1Level 2Level 3Level 4Level 5, *HNK2   cf&OLE 2.0 Box <=8C HKKKK*A+J (_24   ) <DL)23  ..  2( 4 <DL2  *>+J (_23  ` &<<DL&23  ..  2( 4 <DL2  *;+J (_22   #DL#23  ..  2( 4 <DL2  *8+J (_21    DL 23  ..  2( 4 <DL2  *5+J (_20  h DDL23  ..  2( 4 <DL2  *2+J (_19   L23  ..  2( 4 <DL2  */+J (_18    L23  ..  2( 4 <DL2  * (_1723  Ԁ*DJ (_16   ," <DL,23  Ԁ  2( 4 <DL2  *AJ (_15   ) <DL)23  Ԁ  2( 4 <DL2  *>J (_14  ` &<<DL&23  Ԁ  2( 4 <DL2  *;J (_13   #DL#23  Ԁ  2( 4 <DL2  *8J (_12    DL 23  Ԁ  2( 4 <DL2  *5J (_11  h DDL23  Ԁ  2( 4 <DL2  *2J (_10   L23  Ԁ  2( 4 <DL2  (/J &_9    L23  Ԁ  2( 4 <DL2  ( &_823  (DJ &_7   ," <DL,23   2( 4 <DL2  (AJ &_6   ) <DL)23   2( 4 <DL2  (>J &_5  ` &<<DL&23   2( 4 <DL2  (;J &_4   #DL#23   2( 4 <DL2  (8J &_3    DL 23   2( 4 <DL2  (5J &_2  h DDL23   2( 4 <DL2  (2J &_1   L23   2( 4 <DL2  &/J $_    L23   2( 4 <DL2  <:Default Para(5hCEKQW]cioAutoList1a.a.a.a.a.a.a.a.3a. 2 a'ISUS.,,,..XXXX? 5XX-?vbX-#ggdd  ISIS,.   _ (EhCEKQW]cioAutoList2a.a.a.a.a.a.a.a. - e)ISUS.,,,..XXXX? 5XX-?vbX-#ggdd  ISIS,.   _Ԁ6a.0UhCEKQW]cioAutoList31.1.1.1.1.1.1.1.91.(ehCEKQW]cioAutoList41.1.1.1.1.1.1.1.;1.(uhCEKQW]cioAutoList51.1.1.1.1.1.1.1.=1.2S+P 0_level1  , ;1PPP|, 4<D ";23  ..  8.$$|, 4<D "8  <:footnote ref,*MIVJ2000Level 1   IS XXX US   2zz0Level 3   7 2( 4 <DL2 IS XXX  2( 4 <DL2 US    0GG.header   `  IS XXX US    ` 0GG.footer   `  IS XXX US    ` :8page number:<<8Body Text 2  X  IS XXX US   X <`+f :Outline001_1   ," <DL,23  ..  2( 4 <DL2  <c+f :Outline002_1   /% <DL/23  ..  2( 4 <DL2  <c+f :Outline003_1   /%  <DL/23  ..  2( 4 <DL2  <f+f :Outline004_1   2( 4 <DL223  ..  2( 4 <DL2  < :Outline005_1   ," <DL,A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  < :Outline006_1   /% <DL/A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  < :Outline007_1   /%  <DL/A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  < :Outline008_1   2( 4 <DL2A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  <Q+Q :Outline009_15+ 4 <DL523  ..5+ 4 <DL5< :Outline010_15+ 4 <DL5A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS5+ 4 <DL5<+ :Outline011_123  ..64Hyperlink     d cfA<< c(O$<+ :Outline011_223  ..<+ :Outline011_323  ..<+ :Outline011_423  ..<+ :Outline011_523  ..<+ :Outline011_623  ..<+ :Outline011_723  ..ikmo0JTEu{}1. a. 1.StafliWir undir t?luliW1.a.1.<+ :Outline011_823  ..(N3$ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTXwXXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? $XXw-?vbX-#ggdd  8^-dXXd8ISIS,.      <+ :Outline011_923  ..(N3$ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTXwXXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? $XXw-?vbX-#ggdd  8^-dXXd8ISIS,.      UUUU)!dxdx(N3$ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTXwXXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? $XXw-?vbX-#ggdd  8^-dXXd8ISIS,.      ( $ Figure  1  (Z3~$ !ISUS.,,,..TRW6&A4X3' Letter 6&A4\X_X3'LetterTXwXXXTRW6&A4W6&A4 6&A4 6&A4\X_XT ? $XXw-?vbX-#ggdd  8^-dXXd8ISIS,.       d <c+f :Outline012_1  { /%W W <DL/23  ..  2( 4 <DL2  (M(m$2JT  0  .3  0  <`+f :Outline012_2   ," <DL,23  ..  2( 4 <DL2  (O;$0  2#  a  .3  0` (#(# cf I&mage <=8C HKKKK(u$0  0` (#(#` `  2  a  .3  0` (#` (#<]+f :Outline012_3 j + ) <DL)23  ..  2( 4 <DL2 j (`$0  0` (#(#0 ` (#` (#0 (# (#"h2  0  .3  0(#(#<Z+f :Outline012_4   &__DL&23  ..  2( 4 <DL2  3#37=CIQYag1.a.i.(1)(a)(i)1)a)<W+f :Outline012_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline012_6 j 3  DL 23  ..  2( 4 <DL2 j <Q+f :Outline012_7   ggL23  ..  2( 4 <DL2  <N+f :Outline012_8   L23  ..  2( 4 <DL2  <K+f :Outline012_9 j ;  L23  ..  2( 4 <DL2 j <c+f :Outline013_1  X /%4 4 <DL/23  ..  2( 4 <DL2  < :Outline013_2   ," <DL,A(\ Y`SymbolA23  S\  `&Times New RomanSA(\ Y`SymbolA..S\  `&Times New RomanS  2( 4 <DL2  <]+f :Outline013_3   ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline013_4  ` &<<DL&23  ..  2( 4 <DL2  <W+f :Outline013_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline013_6    DL 23  ..  2( 4 <DL2  <Q+f :Outline013_7  h DDL23  ..  2( 4 <DL2  <N+f :Outline013_8   L23  ..  2( 4 <DL2  <K+f :Outline013_9    L23  ..  2( 4 <DL2  <f+f :Outline014_1   2( 4 <DL223  ..  2( 4 <DL2  <c+f :Outline014_2  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline014_3 j  ," <DL,23  ..  2( 4 <DL2 j <]+f :Outline014_4  ! ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline014_5  y &UUDL&23  ..  2( 4 <DL2  qi)<W+f :Outline014_6 j  #DL#23  ..  2( 4 <DL2 j <T+f :Outline014_7  )  DL 23  ..  2( 4 <DL2  <Q+f :Outline014_8   ]]L23  ..  2( 4 <DL2   gEu{}a. 1. a.T?luliWur undir stafliWa.1.a.1)a)<N+f :Outline014_9 j  L23  ..  2( 4 <DL2 j <c+f :Outline015_1   /%  <DL/23  ..  2( 4 <DL2  <`+f :Outline015_2  _ ,"; ; <DL,23  ..  2( 4 <DL2  <]+f :Outline015_3 j  ) <DL)23  ..  2( 4 <DL2 j <Z+f :Outline015_4   &DL&23  ..  2( 4 <DL2  <W+f :Outline015_5  g #CCDL#23  ..  2( 4 <DL2  <T+f :Outline015_6 j   DL 23  ..  2( 4 <DL2 j <Q+f :Outline015_7   L23  ..  2( 4 <DL2  <N+f :Outline015_8  o KKL23  ..  2( 4 <DL2  <K+f :Outline015_9 j   L23  ..  2( 4 <DL2 j <c+f :Outline016_1  h /%D D <DL/23  ..  2( 4 <DL2  <`+f :Outline016_2   ,"x x <DL,23  ..  2( 4 <DL2  <]+f :Outline016_3 j  ) <DL)23  ..  2( 4 <DL2 j <Z+f :Outline016_4  L &((DL&23  ..  2( 4 <DL2  <W+f :Outline016_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline016_6 j   DL 23  ..  2( 4 <DL2 j <Q+f :Outline016_7  T 00L23  ..  2( 4 <DL2  <N+f :Outline016_8   L23  ..  2( 4 <DL2  <K+f :Outline016_9 j   L23  ..  2( 4 <DL2 j <f+f :Outline017_1   2( 4 <DL223  ..  2( 4 <DL2  4cp Z "Times Regular<c+f :Outline017_2  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline017_3 j  ," <DL,23  ..  2( 4 <DL2 j <]+f :Outline017_4  ! ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline017_5  y &UUDL&23  ..  2( 4 <DL2  <W+f :Outline017_6 j  #DL#23  ..  2( 4 <DL2 j <T+f :Outline017_7  )  DL 23  ..  2( 4 <DL2  )Hairline d<Q+f :Outline017_8   ]]L23  ..  2( 4 <DL2  <N+f :Outline017_9 j  L23  ..  2( 4 <DL2 j <c+f :Outline018_1  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline018_2   ," <DL,23  ..  2( 4 <DL2  <]+f :Outline018_3   ) <DL)23  ..  2( 4 <DL2  (`H2b$ !ISUS.,,,..TRW6&A4X3' Letter 6&A43'LetterTXwXXXTRW6&A4W6&A4 6&A4 6&A4T ? $XXw-?vbX-#ggdd  8^-dXXd8ISIS,.          0  ?$Ԁ<Z+f :Outline018_4  ` &<<DL&23  ..  2( 4 <DL2  (#$  0  <W+f :Outline018_5   #DL#23  ..  2( 4 <DL2  <T+f :Outline018_6    DL 23  ..  2( 4 <DL2  <Q+f :Outline018_7  h DDL23  ..  2( 4 <DL2  <N+f :Outline018_8   L23  ..  2( 4 <DL2  <K+f :Outline018_9    L23  ..  2( 4 <DL2  <f+f :Outline019_1   2( 4 <DL223  ..  2( 4 <DL2  <c+f :Outline019_2  q /%M M <DL/23  ..  2( 4 <DL2  <`+f :Outline019_3 j  ," <DL,23  ..  2( 4 <DL2 j <]+f :Outline019_4  ! ) <DL)23  ..  2( 4 <DL2  <Z+f :Outline019_5  y &UUDL&23  ..  2( 4 <DL2  <W+f :Outline019_6 j  #DL#23  ..  2( 4 <DL2 j <T+f :Outline019_7  )  DL 23  ..  2( 4 <DL2  <Q+f :Outline019_8   ]]L23  ..  2( 4 <DL2  <N+f :Outline019_9 j  L23  ..  2( 4 <DL2 j <+ :Outline020_123  ..<+ :Outline020_223  ..<+ :Outline020_323  ..<+ :Outline020_423  ..<+ :Outline020_523  ..<+ :Outline020_623  ..<+ :Outline020_723  ..<+ :Outline020_823  ..< :Outline037_123  < :Outline037_223  < :Outline037_323  < :Outline037_423  < :Outline037_523  < :Outline037_623  < :Outline037_723  < :Outline037_823  < :Outline037_923  < :Outline038_123  < :Outline038_223  < :Outline038_323  < :Outline038_423  :ll8Header Char&&&S\  `&Times New RomanSS\  `&Times New RomanS< :Outline038_523  < :Outline038_623  < :Outline038_723  < :Outline038_823  < :Outline038_923   359=AEIMQ1.P....... 35;AGMSY_2a.a.i.1.a.i.1.a.i. 35;AGMSY_31.a.i.1.a.i.1.a.i. 359=AEIMQ4.........(\ Y`Symbol\  `&Times New Roman.i.i..(hCEKQW]cioAutoList6a.a.a.a.a.a.a.a.a.(hCEKQW]cioAutoList71.1.1.1.1.1.1.1.1.(hCEKQW]cioAutoList81.1.1.1.1.1.1.1.1.( CEKQW]cioAutoList9A.A.A.A.A.A.A.A.A.(գEGMSY_ekqAutoList101.1.1.1.1.1.1.1.1.(:EGMSY_ekqAutoList11A.A.A.A.A.A.A.A.A.(JEGMSY_ekqAutoList12A.A.A.A.A.A.A.A.A.6/ 4Heading 1&&&    &&&20Caption &&& U=Thin Bottomdxd(EGMSY_ekqAutoList131.1.1.1.1.1.1.1.1.(EGMSY_ekqAutoList14a.a.a.a.a.a.a.a.a.(%EGMSY_ekqAutoList15a.a.a.a.a.a.a.a.a.(5EGMSY_ekqAutoList16a.a.a.a.a.a.a.a.a.<%%:Definition T US XXX UK <li:Definition L US XXX , ;1PPP|, 4<D ";  8.$$|, 4<D "8 UK (EEGMSY_ekqAutoList17a.a.a.a.a.a.a.a.(UEGMSY_ekqAutoList18a.a.a.a.a.a.a.a.(eEGMSY_ekqAutoList19a.a.a.a.a.a.a.a.(EGMSY_ekqAutoList20a.a.a.a.a.a.a.a.(xir$0  0` (#(#0 ` (#` (#2#(  0  )3  0 (# (#(F$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#2#(   )3  0h(#h(#($0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#2#  0  )3  0(#(#({$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#0(#(#2#  a  )3  0p(#(#(F$0  0` (#(#0 ` (#` (#0 (# (#0h(#(#0h(#h(#0(#(#0p(#(#2#     )3  0p(#p(# ikmoh}EGKOSW[_cAutoList22!!!!!!!!)1)a)(EEGMSY_ekqAutoList23a.a.a.a.a.a.a.a.(UEGMSY_ekqAutoList24a.a.a.a.a.a.a.a.(eEGMSY_ekqAutoList25a.a.a.a.a.a.a.a. a.(uEGMSY_ekqAutoList26a.a.a.a.a.a.a.a.a.(EGMSY_ekqAutoList27a.a.a.a.a.a.a.a.a.2J+J 0_level2  X 2( & ~ .6> 223  ..  2(v v& ~ .6> 2  2J+J 0_level3   2( & ~ .6> 223  ..  2(v v& ~ .6> 2  2G+J 0_level4   /%& & & ~ .6> /23  ..  2(v v& ~ .6> 2  2G+J 0_level5   /%R R R ~ .6> /23  ..  2(v v& ~ .6> 2  2D+J 0_level6   ,"~ ~ ~ .6> ,23  ..  2(v v& ~ .6> 2  2D+J 0_level7  4 ," .6> ,23  ..  2(v v& ~ .6> 2  2A+J 0_level8  ` ) .6> )23  ..  2(v v& ~ .6> 2  2A+J 0_level9   ) .6> )23  ..  2(v v& ~ .6> 2  2MJ 0_levsl1  , 5+ & ~ .6> 523  Ԁ  2(v v& ~ .6> 2  2JJ 0_levsl2  X 2( & ~ .6> 223  Ԁ  2(v v& ~ .6> 2  2JJ 0_levsl3   2( & ~ .6> 223  Ԁ  2(v v& ~ .6> 2  2GJ 0_levsl4   /%& & & ~ .6> /23  Ԁ  2(v v& ~ .6> 2  2GJ 0_levsl5   /%R R R ~ .6> /23  Ԁ  2(v v& ~ .6> 2  2DJ 0_levsl6   ,"~ ~ ~ .6> ,23  Ԁ  2(v v& ~ .6> 2  2DJ 0_levsl7  4 ," .6> ,23  Ԁ  2(v v& ~ .6> 2  2AJ 0_levsl8  ` ) .6> )23  Ԁ  2(v v& ~ .6> 2  2AJ 0_levsl9   ) .6> )23  Ԁ  2(v v& ~ .6> 2  2MJ 0_levnl1  , 5+ & ~ .6> 523   2(v v& ~ .6> 2  2JJ 0_levnl2  X 2( & ~ .6> 223   2(v v& ~ .6> 2  2JJ 0_levnl3   2( & ~ .6> 223   2(v v& ~ .6> 2  2GJ 0_levnl4   /%& & & ~ .6> /23   2(v v& ~ .6> 2  2GJ 0_levnl5   /%R R R ~ .6> /23   2(v v& ~ .6> 2  2DJ 0_levnl6   ,"~ ~ ~ .6> ,23   2(v v& ~ .6> 2  2DJ 0_levnl7  4 ," .6> ,23   2(v v& ~ .6> 2  2AJ 0_levnl8  ` ) .6> )23   2(v v& ~ .6> 2  2AJ 0_levnl9   ) .6> )23   2(v v& ~ .6> 2  <zp :Body Text I2 d X  US XXX  /%v v ~ .6> /2(v v& ~ .6> 2 IS   X 622 4Body Text US XXX   IS   <>> :Body Text I1   US XXX   IS    <c :Body Text In   US XXX /%v vK7  > /PFvv& ~ .6> P IS   : 8Body Text 3 US XXXC4\  `Tms RmnC5+v vv& ~ .6> 5J@vv& ~ .6> J IS S\  `&Times New RomanS<%%:Comment Refe US  IS < :Comment Text\  `Tms Rmn8_ z,kaflikafli  6III  .6ۀKAFLI     kaflanumerLevel 1Level 2Level 3Level 4Level 5F 7 #,greingreinarnCmer  83  .8ۀgr.  greinLevel 1Level 2Level 3Level 4Level 5X[ |0greinmfgrein meW fyrirs?gn  84  .8ۀgr.    RW),fjarlfjrlagaskrifstofaFjrmlarWuneyti,  fjrlagaskrifstofa ` ("$ !  ($;c<C<< c[ [d !ISUS.,,,..TRW6&A4X3' Letter 6&A43'LetterTXXXXTRW6&A4W6&A4 6&A4 6&A4T ? 5XX-?vbX-#ggdd  85dd8ISIS,.      _ _ikmo(JT03q57 Xingskjal1114"684.ml.      U5Frumvarptillaga/#5Um#  XX5umslueignarhlutumrkisinsfjrmlafyrirtkjum.#5XX#55    ? e =(LagtfyrirAlYingi140.lggjafarYingi2011!2012.) ?    w O   ?U?' b dE" ? w O      1.gr.   Salaeignarhluta. {    RWherraerheimiltaWseljaaWlluleytieWaaWhlutaeftirtaldaeignarhlutirkisinsfjr nF  mlafyrirtkjum,aWfengnumtillgumfrBankasUslurkisinsskv.i-ogj-liW1.mgr.4.gr. 9  lagaumBankasUslurkisins:   "i(m"  i(m_ 2JT  1  .3  Ԉ0    Eignarhlutrkisins_Arion_Ԁbankahf.i(m_ ݌ Ќ  "i(m"  i(m 2JT  2  .3  Ԉ0    Eignarhlutrkisins_0slandsbanka_Ԁhf.i(m ݌r Ќ  "i(m"  i(m 2JT  3  .3  Ԉ0    EignarhlutrkisinsLandsbankanumhf.umfram70%hlutrkisinsaf_heildarhlutaf_ e= bankans.i(m ݌0 Ќ  "i(m"  i(m 2JT  4  .3  Ԉ0    Eignarhlutirkisinssparisj;Wum.i(m = ݌ Ќ   _ikmo(JT00_ikmo  RWherraerheimiltaWseljaeignarhlutirkisinsskv.1.,2.og4.tlul.1.mgr.Yvskyni  aWuppfyllaskyldurrkisinssemleiWirafnUtingu_kauprttar_Ԁeignarhlutrkisins,_innlausnar i rttar_ԀeignarhlutrkisinseWarttar_meirihlutaeiganda_ԀtilYessaWkrefjastYessaWrkiWsem \4 _minnihlutaeigandi_Ԁseljieignarhlutsamatmaog_meirihlutaeigandi_,samkvmtsamningum ' semrkiWaWildaWeWasamkvmtlgum.0YeimtilvikumskulukvWi2.!5.gr.ekkigilda  umsluviWkomandieignarhluta.    2.gr. S+ kvrWunum_slumeWferW_.     XegarrWherrahefurfallisttillguBankasUslurkisinsumslueignarhlutarrkisins ! fjrmlafyrirtkiskv.1.mgr.1.gr.skalhanntbagreinargerWum_rWgerWa_Ԁ_slumeWferW_ " ogleggjafyrirfjrlaganefndogefnahags-ogviWskiptanefndAlYingis.0greinargerWinni W# skulum.a.komaframupplUsingarumhelstumarkmiWmeWslu_eignarhlutarins_,hvaWa J "$ _sluaWferW_ԀverWibeittoghvernig_slumeWferW_ԀverWihttaWaWWruleyti.Nefndunumskal !% veitturhfilegurfresturtilYessaWgeraathugasemdirviWefnigreinargerWarinnar. !&   AWliWnumfrestiskv.1.mgr.skalrWherratakakvrWunumhvort_slumeWferW_Ԁ_eignar "' hlutarins_ԀverWihafinsamrmiviWefnigreinargerWarinnar.RWherrageturkvrWunsinni v#N( gertbreytingareinstkumYttumfyrirhugaWri_slumeWferW_,m.a.aWteknutillititilathuga A$ ) semdafjrlaganefndareWaefnahags-ogviWskiptanefndarAlYingisviWgreinargerWina.  % *   %!+   3.& ,  gr. ( MeginreglurviW_slumeWferW_.    XegarkvrWunertekinumundirbningogframkvmd_slumeWferWar_Ԁeignarhlutaskal  herslalgWopiW_sluferli_,gagnsi,hlutlgnioghagkv',(mni.MeWhagkvmnierttviW a aWleitaWshstaverWseWa_markaWsverWs_Ԁfyrireignarhluti.XessskalgttaWskilyrWiYau T, sem_tilboWsgjfum_ԀerusettsusanngjrnogaWYeirnj;tijafnrWis.XskalviWslukapp  kostaaWeflavirkaogeWlilegasamkeppnifjrmlamarkaWi.    4.gr.  X _SlumeWferW_Ԁeignarhluta. K #  B  _BankasUsla_Ԁrkisinsskalannast_slumeWferW_ԀeignarhlutafyrirhndrkisinssamrmiviW    kvrWunrWherra,sbr.2.gr._BankasUsla_ԀrkisinsundirbUrslu,leitartilboWaeignarhlut,    meturtilboW,hefurumsj;nmeWsamningaviWrWumviWutanaWkomandirWgjafaogvntan   legakaupendur,ogannastsamningagerW. wO    XegartilboWeignarhlutliggjafyrirskal_BankasUsla_ԀrkisinsskilarWherrarkstuddumati B  Yeim.RWherratekurkvrWunumhvorttilboWskulisamYykkteWaYeimhafnaWog_undir    ritar_Ԁsamningafyrirhndrkisinsumslu_eignarhlutarins_.       5.gr. nF SkUrslugjf. 9    Xegar_slumeWferW_ԀerlokiWskalrWherraleggjafyrirAlYingiskUrsluum_slumeWferW_  _eignarhlutarins_ԀYarsemgerWskalgreinfyrirhelstuniWurstWum.    6.gr. e= Gildistaka. 0 |"  LgYessiWlastYegargildi.LginfallargildiviWbrottfalllaganr.88/2009,umBanka  sUslurkisins.    kvWitilbrWabirgWa.  \4 #  kvWilagaYessaragildaekkium_slumeWferW_Ԁeignarhlutarkisinssparisj;Wumsem ' YegarerhafinviWgildistkulagannameWkvrWunrWherra,aWfengnumtillgumBanka  sUslurkisinsskv.i-ogj-liW1.mgr.4.gr.lagaumBankasUslurkisins.  @ #dggAthugasemdirviWlagafrumvarpYetta.#ggd%Ԉ S+!  I.Inngangur.  "   MeWfrumvarpiYessuerlagttilaWAlYingiveitialmennalagaheimildtilaWseljaeignar # hlutirkisinsfjrmlafyrirtkjumYeimsemkomusteigurkisinskjlfarfallsslenska  $ fjrmlakerfisinshaustiW2008.0kjlfarsetningarogbeitingarlgumnr.125/2008,um !W% heimildtilfjrveitingarrrkissj;WivegnasrstakraaWstWnafjrmlamarkaWio.fl. J""& (_neyWarlaga_),eignaWistrkiWhluta-og_stofnfjrbrf_Ԁhelstufjrmlafyrirtkjumlandsins, #' hvorttveggja_viWskiptabnkum_Ԁogsparisj;Wum.XettanUjaeignarhaldstafarYvekkiafmark #( vissristefnuumaWaukaumsvifrkisinsfjrmlamarkaWiheldurerumaWrWaafleiWingar $ ) ogviWbrgWviWhrunifjrmlakerfisins.MeWvsantilYessaeruekkitaldarforsendurtilYess v%N!* aWrkiWverWi_langtmaeigandi_ԀeignarhlutafjrmlafyrirtkjumheldurlosiumYmeWslu, A&"+ aWundanskildumskilgreindum_lgmarkshlut_ԀLandsbankanumhf.semner_meirihlutaeigu_  '", rkisins.LagtertilmeWfrumvarpinuaWsettverWialmennlgumslueignarhlutarkisins '#- fjrmlafyrirtkjumseminnihaldifastm;taWanrammautanumYaWhvernig_slumeWferW_ ( _eignarhlutanna_ԀskulihttaW,staWYessaWs;ttssrstklagaheimildfjrlgumfyrirslu  hverjumogeinumeignarhlut.FrumvarpiWfelurY;ekkisrkvrWunumslueinstakra  eignarhlutarkisinsfjrmlafyrirtkjumheldurinniheldureinungisheimildtilsluum a rddraeignarhlutasamtreglumumhvernigaW_sluferli_ԀskulistaWiWYegarskilyrWiskapast T, fyrirslueignarhluta.    GerterrWfyriraWundanskilinn_sluheimild_ԀverWi70%eignarhluturrkisinsLandsbank  anumhf.,Y.e.frumvarpiWmlirfyrirumaWrkinusekkiheimiltaWseljameiraafeignar   hlutsnumensemnemurYessu_eignarhlutfalli_.XaumrkerutilsamrmisviWlangtma  X tlunrkisstj;rnarinnarrkisfjrmlum2012!2015,sbr.skUrsluna_Rkisbskapurinn_ K #  2012!2015,enhennikomaframformumumtalsverWatekjuflunafslurkisinseignar    hlutumflgumogfyrirtkjum,einkumslurkisinseignarhlutumfjrmlafyrirtkjum.    0skUrslunnikemurm.a.framaWfjrmlarWherrahafiupplUststj;rnBankasUslurkisinsfyrir   hndrkisstj;rnarinnarumYr_meginherslur_ԀsemlagWarerutilgrundvallarafhennarhlfu wO  umslueignarhlutarkisinsfjrmlafyrirtkjum.XarermiWaWviWaWrkiWs,eftirYvsem B  aWstWurleyfa,tilbiWtilaWlosaaWfulluumeignarhlutisna_Arion_Ԁbankaog_0slandsbanka_,    enekkistanditilaWeignarhluturrkisinsLandsbankanumfariniWurfyrir66!75%nnustu   framtW.RkiWmuniYvframverast;r_kjlfestuaWili_ԀslenskumfjrmlamarkaWi.Sam {  kvmtskUrslunniermiWaWviWaW_BankasUsla_Ԁrkisinstfrinnartillgumsnummark nF miW,tmasetninguog_aWferWarfrWi_ԀviWsluYessarahluta.VarWandistofnfsparisj;Wum 9 eigurkisinserrttaWbendaaWnYegarertilstaWar6.gr.fjrlagafyrirriW2012heim  ildtilYessaWseljaYeignarhluti.    EkkieralgengtaWerlendishafiveriWsettsrstklgumslurkisfyrirtkja.SamaviW r hrlandi.FramtilYessahafaekkiveriWlgfestarmeginreglurumhvaWaviWmiWskulihafa e= aWleiWarlj;siviWslueignarhlutum.FelurfrumvarpYettaYvsrnUmliYessusviWi. 0   FrumvarpiWvarsamiWfjrmlarWuneytinusamvinnuviWutanaWkomandisrfrWinga  ognefndarmennstarfsh;psforstisrWherrasemskilaWiskUrslufebrar2012,sbr.VI.  kafla.XvarviWvinnslufrumvarpsinshaftsamrWviWeftirtaldaaWila:BankasUslurkisins, i FjrmlaeftirlitiW,SamkeppniseftirlitiW,SeWlabanka0slands,forstisrWuneytiWogefnahags- \4 ogviWskiptarWuneytiW. '  II.Meginefnifrumvarpsins.     0frumvarpinuerfarinsleiWaWkveWaumheimildrWherratilYessaWseljaeignarhluti `  rkisinsfjrmlafyrirtkjumaWkveWnumarkiogaWundangengnuYvferlisemaW S+! frumvarpiWmlirfyrirum.HelstuefnisatriWifrumvarpsinseruYessi: " "i(m"  i(mj=2JT  1  .3  Ԉ0    RWherraerheimiltaWseljaaWlluleytieWaaWhlutaeignarhlutirkisins_Arion_Ԁbanka # hf.,_0slandsbanka_Ԁhf.ogsparisj;Wum,ogLandsbankanumhf.aWYvmarkiaWeignar  $ hluturrkisinsnemialdreiminnaen70%af_heildarhlutaf_ԀLandsbankanshf.i(mj==݌!W% Ќ  "i(m"  i(m?2JT  2  .3  Ԉ0    Srreglagildirumheimildtilslueignarhlutavegna_samningsbundins_ԀeWa_lgbundins_ J""& _kauprttar_,_innlausnarrttar_ԀeWarttar_meirihlutaeiganda_ԀtilYessaWkrefjastYessaWrkiW #' sem_minnihlutaeigandi_Ԁseljieignarhlutsinnsamatmaog_meirihlutaeigandi_.i(m?@݌#( Ќ  "i(m"  i(mB2JT  3  .3  Ԉ0    RWherrasendirfjrlaganefndogefnahags-ogviWskiptanefndAlYingisgreinargerWum $ ) _sluform_ԀogtekurendanlegakvrWunum_slumeWferW_ԀaWliWnumYeimfrestisem v%N!* nefndirnarhafatilYessaWgeraathugasemdirviWgreinargerWrWherra.i(mBC݌A&"+ Ќ  "i(m"  i(m?E2JT  4  .3  Ԉ0    GttskalaWtilteknummeginreglumviWundirbningogframkvmd_slumeWferWar_  '", eignarhluta.i(m?ElE݌'#- Ќ  "i(m"  i(mF2JT  5  .3  Ԉ0    _BankasUsla_Ԁrkisinsannast&  _slumeWferW_ԀeignarhlutaogleggurfyrirrWherraniWurstWur ( _sluferlis_ԀogmattilboWu'(Gm.i(mFF݌ Ќ  "i(m"  i(mH2JT  6  .3  Ԉ0    RWherratekurkvrWunumsamYykkieWa_hfnun_ԀtilboWaeignarhlutaog_undirritar_  samningafyrirhndrkisinsumslueignarhluta.i(mHH݌a Ќ  "i(m"  i(mqJ2JT  7  .3  Ԉ0    AWlokinni_slumeWferW_ԀleggurrWherraskUrslufyrirAlYingiumniWurstWurhennar.i(mqJJ݌T, Ќ   _ikmo(JT00_ikmo III._Eignarhlutir_ԀrkisinsfjrmlafyrirtkjumogmeWferWYeirra.     XrttfyriraWnverandieignarhaldrkisinsfjrmlafyrirtkjumsekkitilkomiWvegna   stefnumrkunarYarumheldursafleiWing_bjrgunaraWgerWa_ԀrkisinsskiptirkvrWunum  X slueignarhlutajafnkerfislegamikilvgumfyrirtkjummiklumlifyrirsamflagiW.FerliW K #  viWsluYeirraYarfaWveragagnsttogtryggjaYarfjafnrWiviWslunalktogalmennt    Yegar_eignarhlutir_Ԁ_rkisfyrirtkjum_Ԁeruseldir.MeWsetningulaganr.125/2008,umheimild    tilfjrveitingarrrkissj;WivegnasrstakraaWstWnafjrmlamarkaWio.fl.(_neyWarlg_),   vorufjrmlarWherraog_Fjrmlaeftirlitinu_Ԁ(FME)veittarvWtkarheimildirtilaWgerWa wO  fjrmlamarkaWivegnayfirvofandihttuYarsemvandifjrmlafyrirtkjahafWiaukistvik B  urnarogdaganaWurenlginvorusettogveruleghttavartalinhrunifjrmlakerfisins.    XessaraWgerWirleiddusWartilYessaWrkiWvarWeigandiaWhluta-og_stofnfjrbrfum_Ԁhelstu   fjrmlafyrirtkjumlandsins. {  1.Eignarhald_viWskiptabankanna_. 9   nokkrumdgumkjlfargildistku_neyWarlaganna_Ԁ7.okt;ber2008t;kFMEyfirstj;rn  Yriggjastrstu_viWskiptabankanna_.FjrmlarWherrastofnaWikjlfariWYrjhlutaflgum  innlendastarfsemigmlubankanna(Landsbanka0slands,_Glitnis_Ԁbankaog_KaupYings_Ԁbanka) r ogskipaWiYeimstj;rnir.TilYessaranUjuflagavorusvofrWarinnlendarinnstWurogst;r e= hlutiinnlendraeignagmlubankanna,engmlubnkunumsettar_skilanefndir_ԀogsWar_slita 0 stj;rnir_ԀtilYessaWvinnarWrumeignumYeirrasamrWiviWkrfuhafasemflestirvoru  erlendfjrmlafyrirtki.MeWYessariaWgerWgrundvelli_neyWarlaganna_ԀsettirkiWraun  f;tYrjnUfjrmlafyrirtkiogvarWYannignokkrumdgumeigandiYriggjastrstufjr i mlafyrirtkja0slandi,nokkrumrumeftirumfangsmiklaslufjrmlafyrirtkjaeigu \4 rkisins.SWanokt;ber2008hafanokkurminnifjrmlafyrirtki,svosemsparisj;Wir,fylgt ' kjlfariW.    S_endurreisnartlun_Ԁsemstj;rnvldunnueftirkjlfarhrunsst;rubankannaYriggja  f;lsraWn;vember2008varunniW_brWabirgWaverWmat_ԀYeimeignumogskuldumsem `  fluttustyfirnUjubankanaogkveWiWaWsWanyrWi;hWuraWilifenginntilYessaWvinna S+! nnara_verWmat_.Samkvmt_brWabirgWaverWmatinu_ԀvargertrWfyrir385milljarWakr._eigin " fjrframlagi_ԀrkisinsogaWgefiWyrWitskuldabrftilgmlubankannasemgreiWslafyrirmis # muneignaogskulda,samtalsum1.153milljarWarkr.XessiaWferWgerWirWfyriraWslenska  $ rkiWyrWieitteigandibankannaYriggjaogYyrftiYvsjlftaWleggjafram_eiginfjrframlagiW_ !W% semoggefatskuldabrfiWfyrirmismuninumtilgmlubankanna,semtldustrauneig J""& endurYessaraeignaogskuldasemslenskarkiWeinhliWafrWiyfirnUjubankanameW #' _neyWarlgunum_Ԁokt;ber2008.0aprl2009Yegar;hWuraWililauksWanviW_verWmat_Ԁeign #( annavarWlj;staWnUjamatiWmundiekkiskilaeinnikveWinnitluogaWheimturlnagtu $ ) heildinaveriWbilinu47!55%ogfjrhWirtgefinnaskuldabrfasamtalstilbankanna v%N!* YriggjayrWubilinu442!766milljarWarkr.Lj;stvaraWalltmattlnumyrWihWveru A&"+ legumskilyrWumog_vikmrkum_ԀogsamkomulagummateignummundiYvalltaffelasr  '", aWsamiWyrWiumskilyrtargreiWslur,Y.e.hinendanlegagreiWslafyriryfirfrWareignirfri '#- eftirYvhversumikilsvirWieignirnaryrWuaWlokum._Krfuhafar_ԀfengjuYanniggreiWslur ( samrmiviWhiWendanlegaverWmti_yfirfrWu_ԀeignannameW_skilyrtu_Ԁ_viWb;tarskuldabrfi_  semgefiWyrWitsWar.samatmavareinniglj;staW_krfuhafar_Ԁerlendubankannavoru  ;sttirviWfyrirliggjanditlunstj;rnvaldasemYeirtlduofeinhliWaaukYesssemhn a drgirmguleikumYeirratilaWgtahagsmunasinna. T,   _Endurreisnartlun_Ԁ_viWskiptabankanna_ԀYriggjavarYvbreyttYannvegaWreyntvaraW  nniWurstWuum_verWmat_ԀmeWsamningummillirkisinsog_skilanefnda_Ԁgmlubankanna,  frekarenmeWeinhliWakvrWunsemflivntanlegasrmlshfWunkrfuhafagmlu   bankannahendurslenskarkinu.Flj;tlegavarWeinniglj;staW_skilanefndir_Ԁ_Glitnis_Ԁog  X _KaupYings_ԀgtuhafthugaYvaWeignasthlutihinumnUjubnkumtengslumviWslka K #  samninga.MarkmiWrkisinsvaraWsemjaumkveWiW_grunnmat_Ԁsem_stofnfjrmgnun_Ԁgti    grundvallast,enhkkanirumframYaWgturunniWtilkrfuhafaformi_verWmtaaukn    ingar_ԀhlutabrfaeWa_skilyrtra_Ԁskuldabrfa.NiWurstWursamningannaurWusWanmeWYeim   httiaWgmlubankarnireignuWustallirhlutinUjubnkunumsamtrkinu.rkiWYannig wO  um81%hlutLandsbankanum,5%hlut_0slandsbanka_Ԁog13%hlut_Arion_Ԁbanka.0lj;si B  YesssemaWframanerrakiWerekkihgtaWflokkaYrbreytingar,semttusrstaW_endur    reisnartlun_Ԁstj;rnvaldasemleidditilYessaWrkiWvarWekkieinieigandiallraYriggjast;ru   _viWskiptabankanna_,tilhefWbundinnarslueignarhlutum_rkisfyrirtkjum_.RkiWttiraun {  aldreiYreignirogskuldirsemfluttarvorurgmlubnkunumyfirYnUjuogYvnr nF aWtalaumaWrkiW,meW_eiginfjrframlagi_Ԁsnu,hafieignast81%,5%og13%hlutinUju 9 bnkunumtengslumviWendurreisnviWskiptabankaeftirhruniW,frekarenaWeiginlegsala  hlutabrfumhafittsrstaW.  2.Eignarhaldsparisj;Wum. e=   02.gr.laganr.125/2008,_neyWarlaganna_,eraWfinnaheimildtilhandafjrmlarWherra 0 fyrirhndrkissj;WstilaWleggjasparisj;WumtilstofnfsemnemuralltaW20%af_b;kfrWu_  eiginfYeirra.XessiheimildvarsWannnartfrWreglumumframlagtilsparisj;Waskv.  2.gr.lagannaoggrundvelliYeirras;ttunokkrirsparisj;Wirum_stofnfjrframlag_Ԁrrkis i sj;Wifyrrihlutars2009.RkiWferdagmeWstofnffimmsparisj;Wum.XeireruSpari \4 sj;WurBolungarvkur(90,9%),Sparisj;WurNorWfjarWar(49,5%),Sparisj;Wur_Svarfdla_ ' (90%),Sparisj;WurVestmannaeyja(55,3%)ogSparisj;WurX;rshafnarogngrennis(75,9%).  XessberY;aWgetaaWrekstur_Sparisj;Ws_Ԁ_Svarfdla_ԀhefurnveriWseldurtilLandsbankans  hf. `    FjrmlarWuneytiWf;rframaWYeirsparisj;Wirsems;ttuum_stofnfjrframlag_Ԁfengju S+! ;hWendurskoWunarflagtilYessaWfarayfirreikningaogverWmtieigna.SyfirferWleiddi " lj;saWstaWa_sparisj;Wanna_ԀvarmunverrienhaldiWhafWiveriWogaWframlaggrundvelli # 2.gr._neyWarlaganna_ԀmundiekkidugatilYessaWendurreisaYfjrhagslega.XvYyrfti  $ aWkomukrfuhafatilYessaWfjrhagslegendurskipulagningvrimguleg.SeWlabankinnvar !W% helstikrfuhafisj;WannaogYvt;kubankinnogfjrmlarWuneytiWuppnnasamvinnuum J""& endurskipulagningu_sparisj;Wanna_ԀogskyldiSeWlabankinnleiWaYvinnu.Hinn1.febrar #' 2010var_sparisj;Wunum_ԀboWiWaWsemjaumuppgjrskuldumsnumsamkvmtkveWnum #( skilmlum.EinnYeirramguleikasem_sparisj;Wunum_ԀvarboWiWuppviWuppgjrskulda $ ) viWSeWlabanka0slandsvaraWbreytahlutaYeirrastofnf.Skuldbreytingarrkisinsvoru v%N!* sWansamYykktarafEftirlitsstofnunEFTA(_ESA_)21.jn2010,meWfyrirvaraumaWslensk A&"+ stj;rnvldlegWuframtlunumendurskipulagningurekstrarfyrirhvern_sparisj;W_.0kjl  '", fariWogmeWhliWsj;nafbreytingumtengslumviWd;mHstarttar0slandsvegnagengis '#- tryggWralnavargengiWtilsamningasemleiddutilYeirrarniWurstWuaWrkiWeignaWistallt ( fr49,5%til90%hlutfimmsparisj;Wum.0ma2011samYykktifjrmlarWuneytiWsWan  viWmiWunarreglursem_BankasUsla_ԀrkisinslagWitilumheimildir_sparisj;Wanna_Ԁtil_innlausnar_  stofnfsemrkiWhefureignasttengslumviWfjrhagslegaendurskipulagninguYeirra.Lj;st a eraWsetthefurveriWuppgagnsttkerfitengslumviWinnlausnYvstofnfsemrkiWhefur T, settinn_sparisj;Wina_.Lktogumeignarhlutirkisins_viWskiptabnkunum_Ԁkemur_stofnfjr  hluti_ԀrkisinstilvegnavinnuviWendurreisnogendurskipulagningufjrmlakerfisinskjlfar  bankahrunsins.   3.MeWferWeignarhluta. K #    Rkisstj;rninhefurm;taWskUrastefnuummiWlgtskipulagvarWandieignarhaldhluta    brfumeigurkisinssemerstefnubreytingfrYvsemWurvar.0september2009settifjr    mlarWuneytiW_eigandastefu_ԀfyrirrkiWfjrmlafyrirtkjum.Var_eigandastefan_ԀsettmeW   heimild_forsetarskurWi_Ԁumskiptingu_stj;rnarmlefna_ԀStj;rnarrWi0slands,Yarsemsegir wO  aWfjrmlarWherrafarimeWeignirrkisins._BankasUsla_Ԁrkisinserbundinaf_eigandastefu_ B  rkisinsfjrmlafyrirtkjum,sbr.2.mgr.1.gr.laganr.88/2009._Eigandastefan_Ԁt;km.a.    miWafleiWbeiningumOECDogsamsvarandi_eigandastefu_ԀNoregi.0hennierusettskUr   markmiWmeWeignarhaldirkisinsfjrmlafyrirtkjum,skipulagiogbyrgWeignarhaldi {  lUst,settarframmeginreglurogskilgreindarkrfurogviWmiWtengslumviWeignarhlutirk nF isinsfjrmlafyrirtkjum.MeWhennierufyrirtlanirrkisinssemeigandaaWfjrmlafyrir 9 tkjumskUrWarogsamkvmtYvsemYarkemurframermeW_eigandastefunni_Ԁ?leitastviW  aWskapatrverWugleikaogtraustrkinusemeiganda,bWitviWgagnvartllumalmenn  ingi,viWskiptavinumfjrmlafyrirtkjaogerlendum_lnardrottnum_ԀogsamstarfsaWilum,og r einniginnviW,gagnvartAlYingi,framkvmdarvaldinu,fjrmlafyrirtkjunum,starfsf;lki e= Yeirraogstj;rnendum .HvaWvarWarslueignarhlutumkemurfram_undirmarkmiWi_Ԁnr. 0 4_eigandastefunni_ԀaWstefntskuliaW_dreifWri_ԀeignaraWildfjrmlafyrirtkjumtilframtWar.  SWansegir:?XrttfyriraWhlutislenskrafjrmlafyrirtkjaseiguslenskarkisinser  stefnansaWslenskfjrmlafyrirtkiverWitilframtWarmeWdreifWaeignaraWild.Breytingar i eignarhaldieWasalaeignarhlutumeruhWarkvrWunumrkisstj;rnar.Komitilslu \4 eignarhlutaskalundirbaYraWgerWirafkostgfnioggefaAlYingikostYvaWkomaaW ' gerWreglnasemumslkaslueWa_hlutafjraukningu_Ԁmunugilda ,sbr.bls.3_eigandastef  unni_.    _Eignarhlutir_ԀrkisinsflestumYeirrafyrirtkjasemerueigurkisinseruforrWifjr `  mlarWuneytisins,eWahvaWvarWareignarhlutirkissj;WsfjrmlafyrirtkjumforrWi S+! stofnunarvegumYess,BankasUslurkisins.0slandhefurYannigtekiWuppmiWlgtskipulag " lktogOECDmlirmeW._BankasUsla_ԀrkisinserrkisstofnunmeWsjlfstWastj;rnsem # heyrirundirfjrmlarWherra.StofnuninfermeW_eigandahlutverk_Ԁrkisinsfjrmlafyrirtkj  $ ummeWanuppbygginguogendurreisnfjrmlakerfisinsstendur.MarkmiWmeWYessufyrir !W% komulagieraWumsUslaeignarhlutaverWifaglegogtraustoghafinyfirallanvafa.Stofnunin J""& starfareftirsrstkumlgum,nr.88/2009,Yarsemverkefnihennareruskilgreindoghefur #' hnframfylgt_eigandastefu_Ԁrkisinsfjrmlafyrirtkjumfrseptember2009.Samkvmt #( 4.gr.lagannaeruverkefnihennareftirfarandi: $ )  3(5h80_ikmo"i(m"  i(m+25h  a  .3  Ԉ0    FarameWeignarhlutirkisinsfyrirtkjumogflgum,sbr.1.gr.i(m+X݌v%N!* Ќ  "i(m"  i(mM25h  b  .3  Ԉ0    SjumsamskiptirkisinsviWfjrmlafyrirtkisemrkiWeignarhlutiogtengjast_eig A&"+ endahlutverki_ԀYess.SamskiptinfaraframgegnumbankarWogstj;rnirfjrmlafyrir  '", tkjanna.i(mMz݌'#- Ќ  "i(m"  i(m<25h  c  .3  Ԉ0    HafaeftirlitmeWframkvmd_eigandastefu_Ԁrkisinseinsoghnerhverjumtma.i(m<i݌( Ќ  "i(m"  i(m25h  d  .3  Ԉ0    FarameWatkvWirkissj;Ws_hluthafafundum_Ԁfjrmlafyrirtkjaogfundum_stofnfjr  eigenda_Ԁsparisj;Wa.i(m݌ Ќ  "i(m"  i(m725h  e  .3  Ԉ0    GerasamningaviWstj;rnirhlutaWeigandifjrmlafyrirtkja,YarmeWalum_eiginfjr a framlg_ԀogumsrstkogalmennmarkmiWrekstriYeirra._BankasUsla_ԀrkisinsseturYau T, skilyrWisemhntelurnauWsynlegvegna_eiginfjrframlaga_.Btdrttirrsamningum  skulubirtiropinberlega12mnuWumeftiraWYeirhafaveriWgerWir.i(m7d݌ Ќ  "i(m"  i(m*25h  f  .3  Ԉ0    FylgjastmeWaWsettummarkmiWumsamningumverWinW.i(m*W݌  Ќ  "i(m"  i(mL25h  g  .3  Ԉ0    GeratillgurtilfjrmlarWherraumfrekarifjrmgnunfjrmlafyrirtkjagrundvelli  X hlutverksogmarkmiWastofnunarinnar.i(mLy݌K #  Ќ  "i(m"  i(m25h  h  .3  Ԉ0    MetaogsetjaskilyrWiumendurskipulagninguogsameiningufjrmlafyrirtkjameW    hliWsj;nafhlutverkiogmarkmiWumstofnunarinnarog_eigandastefu_Ԁrkisins.i(m݌   Ќ  "i(m"  i(m}25h  i  .3  Ԉ0    GeratillgurtilfjrmlarWherraumhvortoghvenrtilteknir_eignarhlutir_Ԁfjrmla   fyrirtkjumverWaboWnirtilslualmennummarkaWimeWhliWsj;nafmarkmiWum wO  stofnunarinnar,sbr.3.mgr.1.gr.,ogsamrmiviWgildandilgogmarkmiWumdreifWa B  eignaraWild.i(m}݌   Ќ  "i(m "  i(m25h  j  .3  Ԉ0    Undirbaogvinnatillgurumslueignarhlutarkisinsfjrmlafyrirtkjum.i(m݌  Ќ   3(5h88 3  AfYessariupptalningusstaWlggjafinnhefurfaliWBankasUslurkisinsvWtkthlutverk {  viWumsUslueignarhlutarkisinsfjrmlafyrirtkjum.StofnuninhefureinnigvWtkuhlut nF verkiaWgegnavarWandiundirbningslueignarhlutumrkisinsfjrmlafyrirtkjumeins 9 ogframkemuri-ogj-liW._BankasUslan_ԀfermeWmeirihlutahlutafjrLandsbankanumog  fj;rumsparisj;WumenaukYessferhnmeW49,5%hlutSparisj;WiNorWfjarWar,13%hlut  _Arion_Ԁbankaog5%hlut_0slandsbanka_.SamkvmtlgumumBankasUslurkisinsverWur r stofnuninlgWniWureigisWarenfimmrumfrYvhnvarsettf;t.TilgangurinnmeW e= stofnunBankasUslurkisinsvaraWskapameWskUrumhttiregluverk(lgnr.88/2009)og 0 umgjrW(_eigandastefna_Ԁrkisinsfjrmlafyrirtkjum)umutanumhaldogmeWferWeignar  hlutarkisinsfyrirtkjum.StofnuningefurYannigrlegattarlegaskUrsluumstarfsemi  snaYarsemeignunumerlUstogeinservirkupplUsingamiWlunheimasWustofnunarinnar. i StarfarstofnuninYannigandaYeirraleiWbeiningasemOECDhefurgefiWtundanfrum \4 rum. ' 4.tlunrkisstj;rnarumslueignarhlutafjrmlafyrirtkjum.    EinsogaWframangreinirgerirtlunrkisstj;rnarinnarrkisfjrmlum2012!2015,sbr. `  skUrsluna_Rkisbskapurinn_Ԁ2012!2015,rWfyrirumtalsverWumtekjumafslurkisins S+! eignarhlutumfjrmlafyrirtkjum.ErsstefnamrkuWtluninniaWrkiWlosisigaW " fulluviWeignarhlutisna_Arion_Ԁbankaog_0slandsbanka_,enekkistendurtilaWeignarhlutur # rkisinsLandsbankanumfariniWurfyrir66!75%.GerterrWfyriraW_BankasUsla_Ԁrkisins  $ tfrinnartillgumsnummarkmiW,tmasetninguog_aWferWarfrWi_ԀviWsluYessarahluta. !W%  IV.Undirbningursluog_sluferli_.  #'   _Sluferli_ԀeignarhlutafjrmlafyrirtkjummskiptaupptvomeginYtti,annarsvegar #( kvrWunumsluogfyrirkomulaghennaroghinsvegarferliWsjlfteftiraWkvrWunhefur $ ) veriWtekin.ForsendaYessaWkvrWunumsluverWitekinmeWgagnsjumhttieraW v%N!* markmiWmeWslususkUr,utanumhaldeignarhlutagagnsttogaWYauviWmiWsemrkiW A&"+  starfareftirsemeigandiliggifyrir.StyrkirYaWtrverWugleikakvarWanaumslueigna.  '",   Lj;stmveraaWafdrttarlausarreglurmeWskUrriumgjrWYurfaaWgi&   ldaumslu ( eignarhlutumrkisinsfjrmlafyrirtkjum.SkUrslaranns;knarnefndarAlYi'(TngissUnirfram  nauWsynYess,YarsemsetterframsskoWunaWviWslunabnkunumrin2002!2003  hafiAlYingihaftrkarstWurtilaWtakaafstWutil_grundvallarforsendna_ԀvarWandisluog a fyrirkomulaghennarsrstakrilggjfum_sluheimildina_.TakamundirYaWaWfyrri T, aWkomaAlYingisviWundirbningslueignarhlutum_viWskiptabnkum_ԀhafiekkiveriW  ngjanlegogYarfbreytingYaraWverWatilYessaWtryggjamegiaWhafiWsyfirvafaaW  jafnrWioggagnsistryggtviWslueignarhlutafjrmlafyrirtkjum.FerliWYarfaWvera   skUrt,meginsj;narmiWskilgreindoghlutverkhversaWila_sluferlinu_.  X   MeWvsantilYessermeWfrumvarpiYessugerWtillagaumtilteknaafmrkumogverklag K #  viWslueignarhlutasemerverulegafrbrugWiWYvferlisemWurtWkaWistviWslueignar    hlutarkisinsfyrirtkjum.GerterrWfyriraWlggjafinnveiti_framkvmdarvaldi_Ԁheimild    tilslueignarhlutaaWuppfylltumskilyrWumlagannaumtilhgun_slumeWferWar_.MeWYv   aWfelasrstakrirkisstofnun,BankasUslurkisins,meWferWeignarhlutarkissj;Wsfjrmla wO  fyrirtkjumogaWkomaframmeWtillgurtilrWherraumsluYeirraeignarhlutavartlunin B  aWtryggjahlutlgniviWmeWferWYessaramla.0samrmiviWgildandilgumBankasUslu    rkisinserstofnuninnitlaWaWkomaframmeWtillgurumslueignarhlutatilrWherra,sem   eftiratvikumfellstYreWahafnar.FallistrWherratillgurnarskalhanntbagreinar {  gerWumfyrirhugaWa_slumeWferW_ԀogsendabWiefnahags-ogviWskiptanefndogfjrlaga nF nefndAlYingis.AlYingifrYannigkveWiWogfastm;taWhlutverkviWundirbning_sluferlis_ 9 oggeturkomiWaWathugasemdumsnumviWefnigreinargerWarrWherra.HlutverkAlYingis  verWurYannigmunveigameiraenveriWhefur.ViWtkuendanlegrarkvrWunarumhvort  _slumeWferW_ԀverWurhafingeturrWherratekiWtillittilYeirraathugasemdasemkomafr r _Yingnefndunum_. e=   GerterrWfyrirYvaWmarkmiWmeWsluhversogeinseignarhlutarsemtlunineraW 0 seljakomiframgreinargerWrWherratilnefndaAlYingis.MarkmiWstj;rnvaldameWhverri  slukunnaaWveranokkurogerYaWhlutverkYeirrasemundirbasluaWtryggjaaWYau  myndieinaheildYannigaW_sluggn_ԀsemunninerugrundvelliYeirrauppfyllillskilyrWi. i AlmennareglanttiaWverasaWgengiWstfrYvaWhstasluverWsYaWsemrWi \4 slu,Y;ttlj;stsaWsumumtilfellumYurfiaWhorfatilannarraYtta.XvskUrarisemmark ' miWmeWslutiltekinnaeignarhlutaeruYvauWveldaraverWuraWvinna_slulUsingu_Ԁogvelja  hvaWa_sluaWferW_Ԁhentarbesthverjutilviki.   V._SlumeWferW_Ԁeignarhluta.  S+!   GerterrWfyrirYvaW_BankasUsla_ԀrkisinsgegnilykilhlutverkiviW_slumeWferW_Ԁeignar " hlutafjrmlafyrirtkjum.EinsogaWframangreinirerYaWnverandihlutverkstofnunar # innarlgumsamkvmtaWkomaframmeWtillgurumslueignarhluta.Xegarendanleg  $ kvrWunrWherraliggurfyrirumaWhefja_sluferli_ԀkemurtilkastaBankasUslurkisinsaW !W% annastYaWferli.MeWYvm;tierbeturtryggtenellaaWsalaeignarhlutafariframmeWhlut J""& lgumhtti,endasrstakriogsrhfWrirkisstofnunsviWibanka-ogfjrmlafaliWaW #' annastslunastaWYessaWsaWilisemendanumafsalareignarhlutumannistsjlfurslu #( Yeirra.HlutverkBankasUslurkisinsviW_slumeWferW_Ԁerm.a.aWundirbaslu,leitatilboWa $ ) eignarhlut,metatilboW,skipuleggjasamskiptiviWbj;Wendur,annastsamningaviWrWurviW v%N!* utanaWkomandirWgjafaogvntanlegakaupendur,ogannastsamningagerW.AlltskalYetta A&"+ gertsamrmiviWYrmeginreglursemboWaWerfrumvarpinuaWgttskuliaWviWsluna.  '", XannigermikilvgtvarWandislueignarhlutarkisinsaWjafnrWissgttmilliYeirrasem '#- komatilgreinasem_mgulegir_ԀkaupendursvoaWallirlklegirkaupendurhafijafnamgu ( leikaYvaWgeratilboW.JafnrWiverWurbesttryggtmeWYvaWskilyrWiviWslusuf,  skUrogllumlj;s.SumlefnalegrkfyrirYvaWYrengjaskilyrWinYarfaWgeraYaWmeW  gagnsjumhttiYannigaWforsendurnarsuauglj;saroghafnaryfirvafa.TryggjaYarf a hlutlgni,t.d.viWmattilboWum,YannigaWkvrWunumhverskulikaupa_eignarhlutinn_Ԁs T, auWveldlegarkstudd.JafnframtYarfrkiWaWtryggjaaWsalanshagkvm,Y.e.aWleitaWs  hstaverWsfyrirYeignarhlutisemrkiWtlarsraWseljahverjumtma.EfkveWiWeraW  ltannursj;narmiWgildaenverWYarfskvrWunaWbyggjastmlefnalegumrkumog   styWjaviWnnurmarkmiWmeWslunni.LoksttiviWslurkisinseignarhlutumaWleitast  X valltviWaWeflasamkeppni.MeWYessuerm.a.ttviWaWleitastsviWaWmetaYauhrifsem K #  salarkisinskveWnumeignarhlutumhafisamkeppniYeimmarkaWiYarsemfyrirtkiW    starfar.XerennfremurskilegtaWviWframkvmdsluslgWherslaaW_sluferli_Ԁs    skUrtogopiW,frYvaWkvrWunertekinumsluogYartilskrifaWhefurveriWundir_slu   samninga_,oghlutverkallraaWilaYannigvelskilgreind,aWflestumtilvikums;skaWtilboWa wO  meWkveWnumskilyrWum,semofter_vnlegasta_ԀleiWintilnskUrummarkmiWummeWslu, B  semogaWviWframkvmdslunnarsjlfrarhorfirkiWtil_byrgs_Ԁrekstrar.MeWYverttviW    aWYegarsalaferframeignarhlutumsu_mgulegir_ԀkaupendurmetnirmeWhliWsj;nafYv   hvernigYeirhyggjastrekafyrirtkiWframtWinni,svosemmeWtillititil_samflagslegrar_ {  byrgWarog_framtWaruppbyggingar_ԀYess.MeWYverreyntaWhorfatilframtWarogsjfyrir nF srhvernigreksturfyrirtkisinsverWurframtWinni. 9   FrumvarpiWgerirrWfyriraWalmenntskuli_eignarhlutir_ԀboWnirtilslumeWopinberum  htti.BeitammismunandiaWferWumviWslueignarhlutafyrirtkjumensleiWsemtil  greinakemurervitaskuldm.a.hWaWstWumogstrWviWkomandifyrirtkis,svoog r aWstWummarkaWiYegarsalanferfram.ViWhorfogmarkmiWstj;rnvaldaskiptameginmli e= varWandihvaWaleiWervalinhverjusinniognauWsynlegtaWYettavalsvalltfyrirhendiog 0 aWekkisYrengtaWYvmeWofYyngjandireglumeWalgum.TmsarleiWirkomatilgreina  viWslueignarhlutumfjrmlafyrirtkjum,m.a.almennttboWverWbrfa,skrningbrfa  _fjrmlafyrirtkis_ԀskipulegumverWbrfamarkaWieWa_tilboWssala_. i   AWloknu_sluferlinu_ԀerBankasUslurkisinssWantlaWaWskilarWherrarkstuddumati \4 tilboWumeignarhluti,enrWherratekurkvrWunumsamYykkieWa_hfnun_ԀtilboWaog ' _undirritar_Ԁsamningafyrirhndrkisinsumslueignarhluta.   VI.SkUrslastarfsh;psforstisrWherrafrfebrar2012.  `    0febrar2011skipaWiforstisrWherrastarfsh;ptilaWyfirfarahvortngilegavritryggt S+! lgumogreglumaWjafnrWisoggagnsisvrigttviWslufyrirtkjumeWahlutum " fyrirtkjumbeinnieWa;beinnieigurkisins.0starfsh;pnumttustifulltriforstisrWu # neytis,fulltrifjrmlarWuneytisogfulltriefnahags-ogviWskiptarWuneytis.Starfsh;pur  $ innt;km.a.tilathugunar_slumeWferW_ԀeignarhlutumYeimfyrirtkjumogflgumsem !W% rkiWeWakannaWeignast,svosemmlsmeWferW,_slufyrirkomulag_ԀogskilyrWigagnvart J""& kaupendum,lktoggreinirskUrslustarfsh;psinsfrfebrar2012. #'   0niWurstWumsnumtaldistarfsh;purinnaWYaWfyrirkomulagsemhingaWtilhefurveriW #( haftYessummlum,Y.e.tengslumviWrWherranefndogframkvmdanefndum_einkavW $ ) ingu_ԀogsvoafturhlutverkAlYingisferlinu,tryggWiekkiaWhafiWvriyfirvafaaWjafnrWis v%N!* oggagnsisvrigttviWslueignarhlutumrkisinsfyrirtkjum.SkiljaYyrftimilli A&"+ _markmiWssetningar_Ԁstj;rnvaldaumsluogfaglegrar_umsj;nar_ԀmeWslu.XYyrftiaWefla  '", hlutverkAlYingistengslumviWkvrWunumslueignarhluta,rWaYar_eigandastefu_Ԁ '#- hverjumtmaogafgreiWaefnislegartillgurumslu.Starfsh;purinnlagWitilaWlgfestyrWu ( srstkkvWitengslumvi&  WslueignarhlutafyrirtkjumYarsemferlinuvrilUstog  taldaruppkveWnarmeginr'ceglursemfylgjabri.    ViWsamningufrumvarpsYessavarhliWsj;nhfWaf_efnisumfjllun_ԀskUrslustarfsh;psins, a einkanlegaervarWarYttAlYingiskvarWanatkuumslueinstakraeignarhlutafjrmla T, fyrirtkjum.  @ AthugasemdirviWeinstakargreinarfrumvarpsins.     Um1.gr.  X   MeWYessarigreinerrWherraheimilaWaWseljaaWlluleytieWaaWhlutaeignarhlutirkis K #  insfjrmlafyrirtkjumsemkomusteigurkisinskjlfarfallsslenskafjrmlakerfisins    haustiW2008.UmeraWrWaeignarhlutirkisins_viWskiptabnkunum_Ԁ_Arion_Ԁbankahf.,    _0slandsbanka_Ԁhf.ogLandsbankanumhf.0greininnierlagttilaWheimildinnitilsluallra   eignarhlutarkisins_Arion_Ԁbankahf.(13%)og_0slandsbanka_Ԁhf.(5%)ogallraeignarhluta wO  Landsbankanumhf.umfram70%hlutrkisinsaf_heildarhlutaf_Ԁhans.XereinniglgWtil B  heimildtilslueignarhlutumrkisinssparisj;Wum.RkiWn_stofnfjrhluti_ԀSparisj;Wi    Bolungarvkur,90,9%,Sparisj;WiNorWfjarWar49,5%,Sparisj;Wi_Svarfdla_Ԁ90%,Spari   sj;WiVestmannaeyja55,3%ogSparisj;WiX;rshafnar75,9%.XrttfyriraWliWum5.2og {  5.36.gr.ngildandifjrlagasaWfinnasrstakarlagaheimildirtilslueignarhlutum nF rkisinssparisj;WumerlagttilaWsambrilegarheimildirsueinnigteknaruppfrumvarpi 9 YessuogaWsami_lagarammi_ԀgildiumsluYeirraogannarrafjrmlafyrirtkja.    MeWrWherrafrumvarpinuerttviWYannrWherrarkisstj;rn0slandssemfermeW  eignarhlutirkisinsfjrmlafyrirtkjumsamkvmtlgumnr.161/2002,umfjrmlafyrir r tki.Skv.i-ogj-liWum1.mgr.4.gr.laganr.88/2009,umBankasUslurkisins,ermeWal e= verkefnaYeirrarstofnunaraWkomaframmeWtillgurumhvenrrttsaWseljaeignarhluti 0 rkisinsfjrmlafyrirtkjumogmeWhvaWahttiogbyggist1.gr.frumvarpsYessaYvaW  rWherrash_eimil_Ԁsala_eignarhlutanna_ԀsemtilgreindirerugreininniaWfengnumYeimtillg  umeneinnigaWuppfylltumYeimskilyrWumsemkomaframWrumgreinumfrumvarpsins. i   02.mgr.ergertrWfyrirYvaWrWherraverWiheimilaWaWseljaeignarhlutirkisins \4 _Arion_Ԁbankahf.,_0slandsbanka_Ԁhf.eWasparisj;WumYvskyniaWuppfyllaskyldurrkisins ' semleiWirafnUtingu_kauprttar_Ԁeignarhlutumrkisins,_innlausnarrttar_Ԁeignarhlutum  rkisinseWarttar_meirihlutaeiganda_ԀtilYessaWkrefjastYessaWrkiWsem_minnihlutaeigandi_  seljieignarhlutsinnsamatmaog_meirihlutaeigandi_,samkvmtsamningumsemrkiWer `  aWiliaWeWasamkvmtlgum.XarnaerfyrstalagivsaWtilYessaW_Kaupskil_,nverandi S+! _meirihlutaeigandi_Ԁ_Arion_Ԁbanka,_kauprtt_ԀhlutrkisinsbankanumaW_uppfylltu_ԀskilyrWium " endurgreiWslulns._Kauprttur_ԀYessiersamkvmt_hluthafasamningi_ԀsemrkiWeraWiliaW.0 # Wrulagihafahvorttveggja_meirihlutaeigendur_Ԁ_Arion_Ԁbankasemog_0slandsbanka_Ԁrtt,  $ samkvmtsamningihluthafahvorumbankaumsig,tilYessaWkrefjastYessaWrkiWsem !W% _minnihlutaeigandi_Ԁseljieignarhlutsinnsamatmaog_meirihlutaeigandi_Ԁ(svonefnt?drag J""& _along_ kvWi).RkiWgtiYvveriWYvingaWtilsluYessaraeignarhlutaundirYessum #' aWstWumsamkvmt_hluthafasamkomulgum_.RtteraWgetaYesseinnigYessusamhengi #( aWumrddum_hluthafasamningum_Ԁerujafnframtsvonefnd?_tag_Ԁ_along_ kvWitilverndar $ ) _minnihlutaeiganda_ԀkveWi_meirihlutaeigandi_ԀaWseljaeignarhlutsinn.0framangreindum v%N!* tilvikumvsasttilhliWsj;nartillaganr.138/2009,YarsemrWherravarveittheimildtilaW A&"+ staWfestabreytingareignarhlutrkisins_0slandsbanka_Ԁhf.,_Arion_Ԁbankahf.og_NBI_Ԁhf.viW  '", _skilanefndir_Ԁ_Glitnis_Ԁbankahf.,_KaupYings_Ԁbankahf.ogLandsbanka0slandshf.,allttengsl '#- umviWsamningafjrmlarWuneytisins_f.h._Ԁrkissj;WsviW_skilanefndir_Ԁogkrfuhafaum ( _endurfjrmgnun_ԀoguppgjrogsnertaeignarhaldrkisinshinumnUjubnkum.Samningar  YessirvorubirtirveffjrmlarWuneytisins11.janar2012.0YriWjalagigetursvonefndur  _innlausnarrttur_Ԁsamkvmt_hlutaflagalgum_,nr.2/1995,leitttilYessaWrkiWselji5%hlut a sinn_0slandsbanka_Ԁhf.SamkvmtlgunumgetursaWilisemmeiraen90%hlutafjr T, krafist_innlausnar_,sbr.kvWi24.gr._hlutaflagalaga_.Xerfj;rWalagitilstaWarrtturspari  sj;Watil_innlausnar_ԀstofnfeigurkisinssamrmiviWviWmiWunarreglursem_BankasUsla_  rkisinslagWitilumheimildir_sparisj;Wanna_Ԁtil_innlausnar_ԀstofnfsemrkiWhefureignast   tengslumviWfjrhagslegaendurskipulagninguYeirraogfjrmlarWherrasamYykktima  X 2011.SamkvmtYeimreglumviWkomandisparisj;WurrttaWinnleysaalltaW60%Yess K #  hlutastofnfjrsemkemurhlutrkisinsogskal_innlausnarrtturinn_ԀverWavirkurtveimur    rumeftiraWrkiWvarWeigandistofnfjr,Y.e.rin2013og2014.TiltekinskilyrWierufyrir    innlausn.HverogeinframangreindrastWnageturleitttilYessaWrkiWYurfigrundvelli   samningsskuldbindingaeWalagaaWlosaeignarhlutatilteknumfjrmlafyrirtkjum.SrW wO  stfuneignarhlutageturYveWlimlssamkvmtekkifariWframaWundangengnu_sluferli_ B  YvsemfrumvarpiWmlirfyrirumYegarhefWbundinsalaferframogerYvgerWtillagaum    aWkvWi2.!5.gr.gildiekkiYeimtilvikum.     Um2.gr. nF W  0YessarigreinerlagttilaWefrWherrafellstframkomnatillguBankasUslurkisinsum 9 slutiltekinseignarhlutarskulihannbera_sluform_Ԁundirfjrlaganefndogefnahags-ogviW  skiptanefndAlYingis_greinargerWarformi_.EWlimlssamkvmthlUturefnislkrargreinar  gerWaraWbyggjasttillguBankasUslurkisins.RakiWergreininnihvaWskuliaWlgmarki r komaframgreinargerWinni.MikilvgteraWhgtsaWrkstyWjaval_sluaWferW_ԀmeW e= hliWsj;nafmeginreglumsemgildaeigaumsluogaWforsendur_valsins_Ԁsullumlj;sar. 0   XarsemAlYingierekkiaWstrfumkveWnumtmumrsinsertaliWYUWingarmikiWaW  unntseigiaWsWuraWberaformumslueignarhlutaundir_lggjafann_.MikilvgteraW  umrddarnefndirAlYingissemhelsthafameWmlaflokkYennanaWgerafitkifritilaW i rWatilgangogmarkmiWrkisinsmeWsluYessumeignarhlutum.Xverlagttilgreininni \4 aWfjrlaganefndogefnahags-ogviWskiptanefndAlYingissgertkleiftaWfylgjastmeWslu ' eignarhlutaumrddumflgumogkomaaWathugasemdumviWefnihennar._AstWur_Ԁog  tkifritilslueignarhlutfjrmlafyrirtkikunnaaWkallaYaWaWrWists_sluferli_  tilteknum_tmapunkti_Ԁogkann;hagrWiaWhlj;tastafYvaW_sluform_ԀtefjistmeWan `  beWiWerYessaWYingkomisamanogunntverWiaWtakamltilumfjllunarYar.Hinsvegar S+! erhgtaWkallaumrddarnefndirsamanmeWtiltlulegaskmmumfyrirvarasYaWmetiW " svoaWYrfs.DmieruumYaWlgumaWrWherraskuliupplUsatilteknarnefndir # AlYingisumsrstkmlefni.KveWiWerupplUsingaskyldurWherralgumumBankasUslu  $ rkisinsgagnvartefnahags-ogviWskiptanefndYegarhannhyggstbeinatil_BankasUslunnar_ !W% tilteknumfyrirmlum.MeWYvaWupplUsanefndirAlYingismeWgreinargerWumtilgangog J""& markmiWslueignarhlutafjrmlafyrirtkjumerjafnframtveriWaWaukagagnsioghvetja #' tilopinberrarumrWuumYauml.MiWaWerviWaWnefndirnarhafiskam&  manfresttilaWskila #( _athugsemdum_ԀviWefnigreinargerWar,enY;hfileganmeWtillititilum'#fangshversmls. $ )   02.mgr.erlagttilaWrWherrataki,aWloknumfrestiYeimsemnefndirnartvrhafatilaW v%N!* setjaframathugasemdir,endanlegakvrWunumhvort_slumeWferW_ԀeignarhlutverWihafin A&"+ samrmiviWefnigreinargerWar.Kj;sirWherraaWhefja_slumeWferW_ԀerhonumunntaWgera  '", breytingartfrslueinstakraYttafyrirhugaWrar_slumeWferWar_,hvortheldureraWeigin '#- matieWaaWteknutillititilathugasemdafjrlaganefndareWaefnahags-ogviWskiptanefndar ( AlYingisviWgreinargerWina.XrbreytingarverWurY;aWgeraeigisWarenYessustigiYv  aWsWaribreytingarfyrirkomulagisluogeftiraW_slumeWferW_Ԁerhafineruafar;skilegar  oggetaleitttilYessaWbrotiWsbgaviWYrmeginreglursemlagWarerutil3.gr.frum a varpsins. T,   Um3.gr.  L  0greininnierlagttilaWlgfestarverWitilteknarmeginreglursemhafaberaWleiWarlj;si   viWkvrWunartkuumundirbningogframkvmd_slumeWferWar_Ԁeignarhluta.GerterrW  X fyriraWmeginreglurYessarnitilallsYessferlissemlUsterfrumvarpinu.MeWalYesssem K #  leggjaberherslueraWskilyrWisemsetterubj;WendumviWslusugagnsogaWfor    sendursuauglj;saroghafnaryfirvafa.TryggjaYarfhlutlgni,t.d.viWmattilboWum,    YannigaWkvrWunumslutilteknumeignarhlutsauWveldlegarkstudd.JafnframtYarf   aWtryggjaaWsalanshagkvm,Y.e.aWleitaWshstaverWseWa_markaWsverWs_ԀfyrirY wO  eignarhlutisemrkiWtlarsraWseljahverjumtma.EfkveWiWeraWltannursj;narmiW B  gildaenhagkvmniYarfskvrWunaWbyggjastmlefnalegumrkumogstyWjaviWnnur    markmiWmeWslunni.GerterrWfyriraWbj;Waskulieignarhluttilsluopnu_sluferli_.   NauWsynlegterhinsvegarrkstyWjasrstaklegaefekkistendurtilaWbj;WahluttilslumeW {  Yeimhtti.SlktfyrirkomulagkannundantekningartilvikumaWkomatilgreina,t.d.viWslu nF minnieignarhlutumrkisinseWaefeinhverjarsrstakaraWstWurkallaaWYettafyrirkomu 9 lagsviWhaft.MikilvgteraWjafnrWissgttmilliYeirrasemkomatilgreinasem_mgu  legir_ԀkaupenduraWeignarhlutsvoaWallirlklegirkaupendurhafijafnamguleikaYvaW  geratilboW.JafnrWiverWurbesttryggtmeWYvaWskilyrWiviWslusuf,skUrogllum r lj;s.VarWandi_slufyrirkomulag_ԀvsasteinnigtililiWar1.mgr.4.gr.laganr.88/2009,um e= BankasUslurkisins,YarsemmlterfyrirumaWstofnuningeritillgurtilfjrmlarWherra 0 umhvortoghvenrtilteknir_eignarhlutir_ԀfjrmlafyrirtkjumverWiboWnirtilslu  almennummarkaWimeWhliWsj;nafmarkmiWumBankasUslurkisinssamrmiviWgildandi  lgogmarkmiWumdreifWaeignaraWild.EinnigvsastYessusambanditil2.mgr.1.gr.smu i lagaYarsemkveWiWerumaW_BankasUslunni_ԀberiaWfarameWeignarhlutirkisinsfjr \4 mlafyrirtkjumsamrmiviW_eigandastefnu_Ԁrkisinshverjumtma.Lokser3.gr.frum ' varpsinsgertrWfyriraWviWslueignarhlutumskulivallthafaYaWaWmarkmiWiaWefla  virkaogeWlilegasamkeppni.MeWYessuerm.a.ttviWaWleitastskuliviWaWmetaYauhrif  semsalarkisinseignarhlutumhefursamkeppnibanka-ogfjrmlamarkaWi. `    AukYeirrameginreglnasemnefndareru3.gr.frumvarpsinsverWuraWteljaskilegtaW S+! viWframkvmdsluslgWherslaaW_sluferli_ԀsskUrtogopiW. "   Um4.gr.  $ '  EfrWherratekurkvrWunumaWhefja_slumeWferW_Ԁeignarhlutrkisinsfjrmlafyrir !W% tki,sbr.2.gr.frumvarpsins,erlagttilaWhannfeliBankasUslurkisinsaWannast_slumeW J""& ferWina_Ԁfyrirhndrkisins.0frumvarpinuerlagttilaWhlutverkBankasUslurkisinsviW_slu #' meWferW_ԀverWim.a.aWundirbaslu,leitatilboWaeignarhlut,metatilboW,annastsamninga #( viWrWurviWutanaWkomandirWgjafaogvntanlegakaupendur,ogannastsamningagerW. $ ) NauWsynlegtkannaWreynastfyrirBankasUslurkisinsaWnj;taaWstoWarutanaWkomandirW v%N!* gjafavegnaeinstakraYtta_sluferlinu_,svosemviWgerW_slulUsingar_ԀogmattilboWum, A&"+ viWsamningaviWrWuro.s.frv.Lj;steraWviWmattilboWumeignarhlutsemnemur10%  '", eWameiruafhlutaf_fjrmlafyrirtkis_ԀberaWltatilskilyrWaummathfitilboWsgjafatil '#- YessaWfarameWvirkaneignarhlutfjrmlafyrirtki,sbr.VI.kaflalaganr.161/2002,um ( fjrmlafyrirtki.    02.mgr.erlagttilaW_Bank&  asUsla_ԀrkisinsskilirWherrarkstuddumatitilboWum  _eignarhlutann_ԀYegarYauliggjaf'.yrir.0frumvarpinuergertrWfyriraWYaWsrWherrasem a tekurkvrWunumsamYykkieWa_hfnun_ԀtilboWafyrirhndrkisinseinsogeWlilegtmtelj T, ast.NauWsynlegteraWviWmattilboWumogkvrWunumtkutilboWahafiYessiraWilaraW  leiWarlj;siYrforsendurogYauskilyrWisemlgWvorutilgrundvallarviW_slumeWferW_Ԁskv.  2.gr.ogkomaframauglUsingueWaboWitilvntanlegrakaupendaum_tilboWsgerW_.RW   herraskalsmuleiWisundirritasamningafyrirhndrkisinsumslueignarhluta.GerterrW  X fyriraWrWherragetifaliWBankasUslurkisinsaWannastendanleganfrgangvegnaslu K #  eignarhluta.      TmsarleiWirkomatilgreinaviWslueignarhlutumfjrmlafyrirtkjum,t.d.almennt    tboWverWbrfa,skrningbrfa_fjrmlafyrirtkis_ԀskipulegumverWbrfamarkaWieWa_til   boWssala_.SalahlutameWtboWieWaskrningbrfakauphllerferlisemerfrbrugWiWhefW wO  bundinni_tilboWsslu_.SemdmierekkiummateinstakatilboWumeWaeiginlegarsamn B  ingaviWrWurviWeinstakakaupenduraWrWaYegaraWalmennttboWeWaskrningbrfafer    fram.     Um5.gr. nF 5  AWlokinni_slumeWferW_ԀerlagttilaWrWherraskiliAlYingiskUrsluum_slumeWferW_ 9 _eignarhlutans_ԀogniWurstWuhennar.0hennimundikomaframvnduWlUsing_sluferlinu_  frupphafitilendasamtskUringumYvhvaWrWikvrWunumsamYykkieWa_hfnun_  tilboWa. r   Um6.gr. 0 Q8  LagtertilaWlginfallirgildiviWbrottfalllagaumBankasUslurkisins,nr.88/2009.  _Stofnunni_ԀerafmarkaWur_lftmi_ԀsamkvmtYeimlgumogerhennitlaWaWvera_fram  kvmdaaWili_ԀviW_slumeWferW_ԀsamkvmtfrumvarpiYessu.tlamaWslueignarhlutaverWi i lokiWYegaraW_BankasUsla_ԀrkisinshefurveriWlgWniWurogYarmeWhefurtilgangilaga \4 YessaraumslueignarhlutaveriWnW. '   UmkvWitilbrWabirgWa.  t;  EkkierunntaWtilokaaWYrfverWiYvaWhefja_slumeWferW_Ԁeinstakaeignarhlutum `  rkisinssparisj;WumWurenfrumvarpYettakemurtilendanlegrarafgreiWsluAlYingi.Eins S+! ograkiWerathugasemdumviW1.gr.frumvarpsinseruYegarlgumheimildirtilslu " Yeirra.HrerYvlagttilaWkvWifrumvarpsinsgildiekkium_slumeWferW_Ԁeignarhlutum # sparisj;WumsemYegarerhafinviWgildistkulaganna.skilegteraWkvrWunrWherra  $ sbirtsvoflj;ttsemverWam. !W%   #(  &     Fylgiskjal. ( mAU?) dE?$ A^m   FjrmlarWuneyti,  fjrlagaskrifstofa: a    Umsgnumfrumvarptillagaum'(>slueignarhlutum  rkisinsfjrmlafyrirtkjum.  *@   MeginmarkmiWfrumvarpsYessaeraWveitafjrmlarWherraalmennarheimildirtilYess   aWseljaeignarhlutirkisinsfjrmlafyrirtkjumaWkveWnumarkiogaWundangengnuYv  X ferlisemfrumvarpiWmlirfyrirum.0frumvarpinuerlagttilaWfjrmlarWherraverWiheim K #  iltaWseljaaWhlutaeWaaWlluleytieignarhlutirkisinssparisj;Wum,_Arion_Ԁbankahf.,_0s    landsbanka_Ԁhf.ogeignarhlutLandsbankanumhf.semerumfram66%hlutrkisinsaf    _heildarhlutaf_Ԁbankans.RkiWeignaWisthlutdeildYessumfjrmlafyrirtkjumtengslum   viWendurreisnfjrmlakerfisinskjlfarhruns_viWskiptabankanna_ԀYriggjahaustiW2008en wO  ekkierformaWafhlfustj;rnvaldaaWrkiWeigihlutifjrmlafyrirtkjumtillangframa B  aWfrtldumtilteknum_lgmarkshlut_ԀLandsbankanumhf.FrumvarpiWfelurY;ekkisr    kvrWunumslutilteknumhlutumheldurumbnaWum_sluferliW_ԀYegaraWYvkemur.     FrumvarpiWgerirrWfyriraW_BankasUsla_Ԁrkisinsannist_slumeWferW_ԀYessaraeignarhluta {  fyrirhndrkisinssamrmiviWkvrWunrWherra.BankasUslurkisinsertlaWaWundir nF baslu,leitatilboWaeignarhlut,metakaupendur,ogannastsamningagerW.XegartilboW 9 eignarhlutliggjafyrirergertrWfyriraWstofnuninskilifjrmlarWherrarkstuddumati  Yeim.0framhaldiafYvtakirWherrakvrWunumhvorttilboWskulisamYykkteWaYeim  hafnaWog_undirritar_Ԁsamningafyrirhndrkisinsumslu_eignarhlutans_.SamtalsergertrW r fyrirYvtlunum_rkisfjrmlin_ԀfyrirnstufjgurrinaW_eignasala_Ԁskilirkissj;Wi31 e= milljarWikr;na_sluhagnaW_Ԁtmabilinu2012til2015.SkostnaWursemfellurtilvegna 0 slunnar,t.d.aWkeyptrWgjfoggreining,mundragastfrsluandvirWinuogerYvekki  reiknaWmeWaWbeinnkostnaWurfallirkissj;WtengslumviWYaW.GeramrWfyriraW_sr  frWivinna_Ԁvegnaslu_eignarhlutanna_ԀverWiaWveruleguleytislkaWkeyptYj;nustaogerYv i ekkistWatilaWtlaaWumsj;nmeWYvafhlfu_BankasUslunnar_Ԁhafiteljandihrif \4 rekstrarkostnaWstofnunarinnar. '   SamkvmtframansgWumunlgfestingfrumvarpsinsekkihafahriftgjldrkissj;Ws  svonokkrunemi.HinsvegarmunfrumvarpiWgerabeturkleiftaWaflateknaaf_eignaslu_ԀmeW  skilvirkumoggagnsjumhttiYegarrttaraWstWurverWafyrirhendi. `