Name of insider Sveinlaugur Kristjánsson Relations with the issuer CFO of Blue Ice (Sjóvík) Date of transaction 10.1.2007 Buy or Sell Kaup / Buy Type of instrument Hlutabréf / Equities Number of shares 457.818 Price 7,75 Primary insider's holdings after the transaction 7.324.119 Primary insider's option holdings after the transaction Related parties holdings after the transaction 0 Date of settlement Comments The transaction is a finalisation of a stock option agreement made prior to the merger of Blue Ice (Sjóvík ehf.) and Icelandic Group hf. Blue Ice is a subsidiary of Icelandic Group.