Icelandic Group - Notification of issuer holdings


Name	Icelandic Group
Date of transaction	3.2.2007
Buy or Sell	Buy
Type of instrument	Equities
Number of shares	2.916.667
Price	7.33 ISK
Primary insider's holdings after the transaction	0
Date of settlement	

Reason for transaction
Completion of a share purchase agreement between Sturlaugur Daðason, former MD of Icleandic Germany, and Icelandic Group. The agreement was made 24 August 2004 and contained clauses on sales rights of the shares.