Reykjavik, Iceland, 15 January 2008 - FL Group, the international investment company, today announces that it has signed market-making agreements with Saga Capital and Glitnir bank, where they will act as market makers for shares issued by FL Group. This means that both parties will separately submit daily bid/ask offers for shares in FL Group through OMX Nordic Exchange Iceland before the market opens each day on offers that will only be valid within that day. The purpose of the agreement is to facilitate trading and improve liquidity in FL Group's shares on the OMX Nordic Exchange Iceland and to promote efficient and transparent price formation. The terms of the market making agreements are as follows: Both parties will submit daily bid and offer quotes for shares in FL Group for a minimum of ISK 500,000 at nominal value at a price determined by the parties Maximum bid/ask spread shall not exceed 1.0% and the deviation from the last transaction price shall not exceed 2.0% The maximum obligated total trades per day is ISK 200,000,000 at market value The agreement is effective as of today, 15 January 2008. Further information: Halldor Kristmannsson Managing Director of Corporate Communications and IR Tel: (+354) 591 4400 E-mail: halldor@flgroup.is About FL Group FL Group is an international investment company focusing on three areas of investment, Financial and Insurance (FIG), Private Equity and Capital Markets. FIG is a special investment function responsible for strategic investments in banking, insurance and other financials. Private Equity oversees FL Group‘s private equity holdings in addition to some listed positions that fit specific investment criteria. The company's Capital Markets function oversees investments in listed securities as well as derivatives and other alternative trading for hedging or investment purposes. With head office in Reykjavik and an office in London, FL Group invests in companies worldwide. The Company is listed on the OMX Nordic Exchange in Reykjavik, Iceland (OMX: FL), with over 4,000 shareholders. More information on www.flgroup.is