Name of party notifying: Glitnir banki hf. Address of the party notifing: Kirkjusandur 2 Date of transaction: 5.9.2007 Number of shares in transaction: 433.457.807 Number of shares before the transaction: 2.689.922 Number of shares after the transaction: 436.147.729 Holdings of total nominal value before the transaction %: 0,25% Holdings of total nominal value after the transaction %: 40.05 Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information: Glitnir banki hf. has acquired a 39,8% stake in TM. Glitnir´s objective is to sell the acquired stake on to several investors.