Icelandair Group hf. - New Board Of Directors Elected At Shareholders Meeting. At the shareholdersmeeting held on 12 September 2007 the articles of association of Icelandair Group were changed, in the manner that from now on the board of directors will consist of five board members and three alternate mebers. The election of the board of directors was executed at the meeting in accordance with newly approved articles of association. The board was chosen without an election. Gunnlaugur M. Sigmundsson is the newly electectd chairman of the board of Icelandair Group. On the board of directors are, after the shareholdermeeting Members: Gunnlaugur M. Sigmundsson, formaður Ómar Benediktsson, varaformaður Ásgeir Baldurs Einar Sveinsson Finnur Reyr Stefánsson Alternate members: Jón Benediktsson Martha Eiríksdóttir Sigurður Atli Jónsson Further information: Guðjón Arngrímsson VP Corporate Communications tel: 864-5849