Following the confirmation of the merger of Materia Invest ehf. and Icon ehf., Materia Invest will assume all assets and obligations of Icon. Icon's entire share capital in FL Group hf., a total of 448,487,889 shares, will therefore be transferred to Materia Invest. After the transfer, Materia Invest will hold 852,899,654 shares in FL Group, or 10.74% of all outstanding shares. 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.