Name of insider: Paul Davidson Relations with the issuer: Member of the Board Date of transaction: 1.6.2007 Buy or Sell: Sala / Sale Type of instrument: Hlutabréf / Equities Number of shares: 55.462.601 Price: ISK 29,09 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: 83,000,000 Date of settlement: Comments: TBH Investments Limited carries out the transaction. Paul Davidson is a Director of TBH Investments Limited, which is wholly owned by West Coast Capital, a partnership of which Paul Davidson is a Partner. Due to a mistake this notification was not disclosed earlier.