Name of party notifying: Gnúpur Fjárfestingafélag hf. Address of the party notifying: Laugavegur 182, 105 Reykjavík Date of transaction: 6.12.2007 Number of shares in transaction: 4,603,687 Number of shares before the transaction: 39,733,238 Number of shares after the transaction: 35,129,551 Holdings of total nominal value before the transaction %: 5.37% Holdings of total nominal value after the transaction %: 4.74% Additional information: The stake is being sold to one of Gnupur's shareholders Smáey ehf, controlled and owned by Magnus Kristinsson. Gnupur's shareholders are: Brekka Investment Company (held by Thordur Mar Johannesson): 5.6% - Companies controlled and owned by Magnus Kristinsson (Smáey, Suðurey) Total: 43.7%, - Companies controlled and owned by Kristinn Björnsson & family (Eignarhaldsfélagið SKE-II and Eignarhaldsfélagið SK-II) Total: 43.7% and BK-42 ehf. (held by Birkir Kristinsson) 7.0%