The tender offer period in the tender offer submitted by FL Group to the shareholders of Tryggingamiðstöðin hf. (TM) ended on 28 November 2007. 220 shareholders have accepted the tender offer. After settlement of the tender offer FL Group will hold 99.05% of the total shares in TM. FL Group‘s acquisition of TM is dependant upon the approval of the Financial Supervisory Authority which is currently processing the transaction. The acquisition of shares in TM by FL Group hf. are subject to approval from the Financial Supervisory Authority in Iceland (FSA). FL Group has applied for a permission to hold a qualified holding in TM and the application is being processed by the FSA. The process will not affect agreements entered into between FL Group hf. and the shareholders of TM relating to the tender offer. Shareholders that have accepted the tender offer will receive payment in cash or with shares in FL Group hf. and settlement will take place on 5 December 2007. Further information: Halldor Kristmannsson Managing Director of Corporate Communications and IR Tel: (+354) 591 4400 E-mail: halldor@flgroup.is