HB Grandi - Insider Trading


Name of insider	Guðmundur A. Birgisson
Relations with the issuer	Alternate Member of the Board
Date of transaction	26.1.2007
Buy or Sell	Kaup / Buy
Type of instrument	Hlutabréf / Equities
Number of shares	2.145.000
Price	11,9
Primary insider's holdings after the transaction	11.511.643
Primary insider's option holdings after the transaction	0
Related parties holdings after the transaction	0
Date of settlement