Name of party notifying: Oddaflug B.V. Address of the party notifing: Parklaan 60 5613BII Eindhoven 99 NL Date of transaction: 10.8.2007 Number of shares in transaction: 79.449.859 Number of shares before the transaction: 1.570.358.566 Number of shares after the transaction: 1.649.808.425 Holdings of total nominal value before the transaction %: 19,77% Holdings of total nominal value after the transaction %: 20,77% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. 3. 7. Additional information "Oddaflug B.V. held 19.77% of the share capital in FL Group hf. before this purchase Oddaflug B.V. is held by Eignarhaldsfelagid Oddaflug ehf. which is held by the CEO of FL Group hf. Hannes Smarason. Oddaflug BV holds 1,649,808,425 shares which is 20.77% of FL Group's share capital after the purchase."