Name of related party trading the shares BNT Name of primary insider Naust Relations with the issuer Second largest shareholder Date of transaction 26.2.2007 Buy or Sell Kaup / Buy Type of instrument Hlutabréf / Equities Number of shares 8.896.800 Price ISK 28,10 Primary insider's holdings after the transaction 148.148.148 Primary insider's option holdings after the transaction Related parties holdings after the transaction 8.896.800 Date of settlement Comments BNT owns 49.9% of the shares in Naust hf, the second largest shareholder in ICEAIR. Board Members in Icelandair Group representing Naust hf are Hermann Guðmundsson and Einar Sveinnson