- Date of transaction 25.9.2007


Name of party notifying	
Icon ehf.

Address of the party notifing	
Laufásvegi 69, 
101 Reykjavík

Date of transaction	
25.9.2007

Number of shares in transaction	
448.487.889

Number of shares before the transaction	
448.487.889

Number of shares after the transaction	
0

Holdings of total nominal value before the transaction %	
5,64%

Holdings of total nominal value after the transaction %	
0,00%

Notification is based on	
Art. 33 (1) of the Act no. 33/2003 point(s) no.3. 
	
	
Additional information	
"Materia Invest and Icon are owned by the same parties.  Magnús Ármann,
Thorsteinn M. Jónsson and Kevin Stanford each hold a third of all outstanding
shares in Materia Invest and Icon.  Actual ownership has therefore not changed
following the merger. Thorsteinn M. Jónsson  is the vice-chairman of the Board
of Directors of FL Group, and Magnús Ármann is a member of the Board of
Directors of FL Group.  Kevin Stanford is not a member nor an alternate member
of FL Group's Board of Directors.  Thorsteinn M. Jónsson holds 24,771,499
shares in FL Group through forward agreements. Following the merger, other
financially related parties hold 90,000,000 shares in FL Group.  In addition,
Sólmon ehf. bought 123,456,791 shares on September 17, 2007, subject to
approval by the FL Group shareholders meeting of the intended issue of new
shares.  The issue of new shares has been approved, but the new shares have not
listed with the OMX Stock Exchange. 
"