Insider Trading Name of insider: Óskar Magnússon Relations with the issuer: CEO Date of transaction: 18.9.2007 Buy or Sell: Sala / Sale Type of instrument: Kaupréttur / Call option Number of shares: 4.661.981 Price: IKR 42,5 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 4.661.981 Related parties holdings after the transaction: 789.474 Date of settlement: Comments: Call option agreement with put option between Óskar and TM , dated 25.5.2006, regarding purchase of 4.661.981 shares in the company on the price 42,5 per share is cancelled and the shares return to TM. The board of TM has agreed to make a new call option agreement authorizing Oskar a right up to one year to purchase as many shares on same price per share as mentioned before, but without put option.