- FL Group announces structural changes and financial targets on CMD in London

On FL Group´s capital markets day in London today, October 4th,  the Company
outlined its growth strategy, its key objectives and organizational changes.
Hannes Smarason, CEO and the Group´s Directors also presented changes to the
organizational structure. 

Following dynamic growth and transformation of the Group, the Company now
announces organizational changes, with the aim of streamlining its operations
with clear emphasize on its revenue divisions. Its management board now
consists of the CEO and five managing directors. The managing directors of the
various units are Jón Sigurdsson, deputy CEO, head of FIG, Örvar Kjærnested
head of Private Equity, Benedikt Gíslason head of Capital Markets Desk,
Sveinbjörn Indriðason CFO, Halldór Kristmannsson who is head of Corporate
Communications and Bernharð Bogason who is the managing og legal affairs. 

The presentation material and a videorecording of the capital markets day will
be available on the FL Group website, www.flgroup.is, as of Friday October 5th.
The material includes the structural changes announced and other issues that
were adressed. 

For further information, please contact:
Halldór Kristmannsson
Managing Director of Corporate communications
Tel: +354 669 4476