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: Magni Arge Tengsl fruminnherja við útgefanda/Insider's relation with the issuer: Chief Executive Officer 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: 11497 Verð pr. Hlut/Price per share: 261 DKK Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings after the transaction: 11497 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.