- Date of transaction 29 January 2008


Auðkenni útgefanda/Trade ticker:
FLAGA			

Nafn útgefanda/Issuer:
Flaga Group hf

Dagsetning tilkynningar/Date of announcement:
30.01.2008	

Nafn fruminnherja/Name primary insider:
Criss Sakala

Tengsl fruminnherja við útgefanda/Insider's relation with the issuer:
Fjármálastjóri/CFO

Dagsetning viðskipta/Date of transaction:
29.01.2008

Tímasetning viðskipta/Time of transaction:
14:53

Tegund fjármálagernings/Type of financial instrument:
0 

Kaup eða sala/Buy or Sell:
Kaup/Buy

Fjöldi hluta/Number of shares:
2.150.000

Verð pr. Hlut/Price per share:
0,9512

Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings
after the transaction: 
2.150.000

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*: