Alfesca - Related party trading


Name of related party trading the shares	Kjalar Invest BV
Name of primary insider	Olafur Olafsson
Relations with the issuer	Member of the Board
Date of transaction	19.3.2007
Buy or Sell	Kaup / Buy
Type of instrument	Hlutabréf / Equities
Number of shares	100.000.000
Price	4,98
Primary insider's holdings after the transaction	0
Primary insider's option holdings after the transaction	0
Related parties holdings after the transaction	See comments
Date of settlement	19.3.2007

Comments	
Kjalar Invest BV, the buyer of the shares, is a Dutch company connected with Olafur Olafsson who is a primary insider of Alfesca hf (Chairman).  Parties related to Olafur Olafsson hold 2,330,724,395 shares in total.