Eimskipafélag Íslands hf.
Press Release from Eimskip

Eimskipafélag Íslands hf. 

15.10.2014 00:21

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Reference is made to the news coverage by the Icelandic National Broadcasting
Services (RÚV) on 14 October 2014. 

The Company announced on 10 September 2013 that the Icelandic Competition
Authority had commenced an investigation on the Company and requested
information. Repeatedly the Company has requested information on the alleged
breach of competition law and has in relation thereto twice appealed the
decisions of the Icelandic Competition Authority to the Competition Appeals
Committee. On 30 September 2014 the Competition Appeals Committee rescinded in
part the decision of the Icelandic Competition Authority dated 3 June 2014 and
ordered the Icelandic Competition Authority to grant the Company access to the
documents within two weeks from the date of the ruling. The Company received
the documents on 8 October, which did not reveal the merits of the case. 

In RÚV's broadcast it was disclosed that the Icelandic Competition Authority
had reported the CEO of Eimskip, as well as certain unnamed employees of the
Company, to the Special Prosecutors Office for alleged breach of Article 10 of
the competition law. 

Furthermore RÚV cites the report from the Icelandic Competition Authority to
the Special Prosecutors Office. The Company has not received nor seen the
report and can therefore neither comment on the content of it nor on the names
of those reported. It is clear from RÚV's coverage that the news network has
received much more detailed information on the investigation than the Company
itself. 

The Company rejects all allegation of any violation against competition law.
News Source: NASDAQ OMX



15.10.2014 The DGAP Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Eimskipafélag Íslands hf.
              
               
              Iceland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         IS0000019800
WKN:          
 
End of Announcement                             DGAP News-Service
 
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