CORRECTION: Announcement published 2007-04-30 12:44:32 - Related Party Trading


Correction: Comments.  

Name of related party trading the shares:
Eyfirðingur ehf.

Name of primary insider:
Baldur Guðnason

Relations with the issuer:
CEO

Date of transaction:
27.4.2007

Buy or Sell:
Kaup / Buy

Type of instrument:
Hlutabréf / Equities

Number of shares:
67.567.568

Price:
37,67 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:
Eyfirðingur ehf. is fully owned by Baldur Guðnason. Baldur Guðnason has a put
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.