- Insider Trading


Name of insider:	
Eyfirðingur ehf.

Relations with the issuer:
Eyfirðingur ehf. is fully owned by Baldur Guðnason, CEO

Date of transaction:	
27.4.2007

Buy or Sell:
Kaup / Buy

Type of instrument:
Hlutabréf / Equities

Number of shares:	
67.567.568

Price:
37,76 ISK

Primary insider's holdings after the transaction:
0

Primary insider's option holdings after the transaction:	
9.000.000

Related parties holdings after the transaction:	
67.567.568

Date of settlement:

	
Comments:	
Baldur Guðnason has a call option related to the purchase of these shares for
three years or until 24.4.2010 at the share price 37,76 and the option can be
realised at any time during that period. Hf. Eimskipafélag Íslands has made an
agreement with Baldur that he will work for the company no less than next three
years. The objective is to link the interest of shareholders and Baldur's more
closely.

Attachments

hf eimskip.pdf