Insider Trading Name of insider: Gunnlaugur M. Sigmundsson Relations with the issuer: Board member of ICEAIR Date of transaction: 31.8.2007 Buy or Sell: Kaup / Buy Type of instrument: Hlutabréf / Equities Number of shares: 119.990.282,- Price: 32,521 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: 231.101.393 Date of settlement: 11.9.2007 Comments: Gunnlaugur M. Sigmundsson is CEO of Fjárfestingarfélagið Máttur ehf. and board member in Icelandair Group hf. Fjárfestingarfélagið Máttur ehf. buys in this transaction shares of nominal value kr. 119.990.282,- and holds shares of nominal kr. 231.101.393,-after the transaction.