Glitnir banki hf. (Glitnir) has completed the sale of the shares FL Group intends to issue as consideration for for a 39,8% share in Tryggingamiðstöðin (TM), a transaction announced on September 17th. The shares were sold at the price of ISK 24,3 per share as was announced earlier, the total price for the sold shares consequently being ISK 20.38 billion. The transaction is subject to approval of the share issuing by the FL Group shareholders' meeting, to be held September 25th. Further information Jóhannes Baldursson, Managing Director, Glitnir Capital Markets, Tel. +354-844-4484, johannes.baldursson@glitnir.is Bjorn Richard Johansen, Managing Director, Glitnir Corporate Communications, Tel. +4747 800 100, brj@glitnir.no