Auðkenni útgefanda/Trade ticker: -------------------------------------------------------------------------------- | FO-AIR | -------------------------------------------------------------------------------- Nafn útgefanda/Issuer: -------------------------------------------------------------------------------- | Atlantic Airways P/F | -------------------------------------------------------------------------------- Dagsetning tilkynningar/Date of announcement: -------------------------------------------------------------------------------- | 30-11-2007 | -------------------------------------------------------------------------------- Nafn fruminnherja/Name primary insider: -------------------------------------------------------------------------------- | Pétur J Eiriksson | -------------------------------------------------------------------------------- Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: -------------------------------------------------------------------------------- | Board member | -------------------------------------------------------------------------------- Dagsetning viðskipta/Date of transaction: -------------------------------------------------------------------------------- | 28-11-2007 | -------------------------------------------------------------------------------- Tímasetning viðskipta/Time of transaction: -------------------------------------------------------------------------------- | 0:00 | -------------------------------------------------------------------------------- Tegund fjármálagernings/Type of financial instrument: -------------------------------------------------------------------------------- | Shares | -------------------------------------------------------------------------------- Kaup eða sala/Buy or Sell: -------------------------------------------------------------------------------- | Buy | -------------------------------------------------------------------------------- Fjöldi hluta/Number of shares: -------------------------------------------------------------------------------- | 2003 | -------------------------------------------------------------------------------- Verð pr. Hlut/Price per share: -------------------------------------------------------------------------------- | 261 DKK | -------------------------------------------------------------------------------- Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: -------------------------------------------------------------------------------- | 2003 | -------------------------------------------------------------------------------- Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings after the transaction: -------------------------------------------------------------------------------- | 0 | -------------------------------------------------------------------------------- Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties' holdings after the transaction: -------------------------------------------------------------------------------- | 0 | -------------------------------------------------------------------------------- Dagsetning lokauppgjörs*/Date of settlement*: -------------------------------------------------------------------------------- | 0 | -------------------------------------------------------------------------------- Athugasemdir*/Comments*: -------------------------------------------------------------------------------- | Included in the above number of shares is 3 shares which have been awarded | | by Atlantic Airways P/F to all its employees including the board. | --------------------------------------------------------------------------------