Correction of form and price. Further announcement published 27 April 2007 at 17:28:47 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: 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.