SKEL Portfolio Update

Disclaimer SKEL fjárfestingafélag notes that the presentation is intended solely for information purposes and its receipt should not be construed as investment advice. Under no circumstances shall the presentation be perceived or construed as a promise of success in the operation of the company or returns on assets. Information contained in this presentation is based on sources that the company considers to be reliable at each time and statements contained in the presentation may be based on the assessments and estimates of the company's management and not on facts that can be verified in the presentation. Statements made in this presentation are valid only that the point in time that this presentation is made public and their validity is limited by the substance of this disclaimer. Investors should note that a number of factors can have the effect that the company's business operations and performance deviating from the assumptions made in the presentation. The presentation will not be revised in this regard following its publication. Any statement in this presentation that refers to the company's estimated or anticipated future results represents only a forecast of the company's future prospects based on current trends, available information and estimates. The company's future prospects are subject to a number of risks and uncertainties that could cause actual results to differ from the prospects forecast in this presentation. These include factors such as changes in the economic environment, financial risk, oil price risk and increased competition. By the receipt of this presentation the recipient acknowledges his/her acceptance of being bound by the above reservations and restrictions. SKEL

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