Name of party notifying: Glitnir banki hf. Address of the party notifing: Kirkjusandur 2 Date of transaction: 19.9.2007 Number of shares in transaction: 358.870.372 Number of shares before the transaction: 738.090.846 Number of shares after the transaction: 271.597.449 Holdings of total nominal value before the transaction %: 8,28% Holdings of total nominal value after the transaction %: 3,05% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no.1. Additional information: Reference is made to major holding announcements on 17 september 2007 by Glitnir bank hf. regarding financial instruments in FL Group. The bank has now sold shares in FL Group and reduced its holding in the company below 5%. The shares were sold subject to a shareholders meeting in FL Group approving the pertinent share issuance. When calculating the ownership ratio, the prospecitve unissued shares in FL Group were included in the total number of issued shares.