Insider Trading Name of insider: Finnur Ingólfsson Relations with the issuer: Chairman of the Board of ICEAIR Date of transaction: 31.8.2007 Buy or Sell: Kaup / Buy Type of instrument: Hlutabréf / Equities Number of shares: 154.990.282 Price: ISK 31,00 Primary insider's holdings after the transaction: 154.990.282 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: 237.670.000,- Date of settlement: 11.9.2007 Comments: FS7 ehf., a company owned by Finnur Ingólfsson, chairman of the Board of ICEAIR, has acquired shares at the nominal value of ISK 154.990.282,- in ICEAIR, which constitutes 15,499% of the total share capital in ICEAIR. FS7 ehf. acquired the shares through a mutual exchange of shares and purchase of shares from Langflug ehf., where Finnur Ingólfsson is also the chairman of the Board, but also through transactions with other shareholders.