HB Grandi - Major Holdings


Address of the party notifing	Borgartúni 19, Reykjavík
	
Date of transaction	28.3.2007
Number of shares in transaction	563.664.658
Number of shares before the transaction	563.880.834
Number of shares after the transaction	216.176
Holdings of total nominal value before the transaction %	33,04%
Holdings of total nominal value after the transaction %	0,01%
Notification is based on	Art. 28 (1) of the Act no. 33/2003 point(s) no.1.