Icelandair Group Holding - Related party trading


Name of related party trading the shares	Sandview Cpital Inc 
Name of primary insider	Ómar Benediktsson
Relations with the issuer	Member of the Board
Date of transaction	8.2.2007
Buy or Sell	Kaup / Buy
Type of instrument	Framvirkur samningur / Forward contract
Number of shares	14.650.000
Price	27.30
Primary insider's holdings after the transaction	0
Primary insider's option holdings after the transaction	0
Related parties holdings after the transaction	70.206.556
Date of settlement	1.12.2007

Comments	
Sandview Cpital Inc is owned by Ómar Benediktsson. This is a forward contract.