- Date of transaction 4.6.2007


Related party trading	
	
Name of related party trading the shares:	
Kjalar hf

Name of primary insider:
Olafur Olafsson

Relations with the issuer:
Chairman of the board

Date of transaction:
4.6.2007

Buy or Sell:
Kaup / Buy

Type of instrument:	
Hlutabréf / Equities

Number of shares:
85.675.910

Price:
5,17

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:	


Comments:	
The transaction relates to shares registered in the name of Mundill ehf, which
has become a 100% subsidiary of Kjalar hf.  Accordingly, Kjalar hf is
indirectly interested in the shares.  Kjalar hf is a company connected with
Olafur Olafsson (majority owner) who is a primary insider of Alfesca hf (member
of the board of directors).  Parties related to Olafur Olafsson hold in total
2,330,724,395 shares in Alfesca hf.