Exercise of stock options


Magnus Jonsson, CEO of Atorka Group hf., exercised an option
agreement with Atorka Group hf., dated  in 2007,  regarding
20,000,000 shares at the price of 5,716.  The agreement was exercised
by way of cash settlement without transfer of shares, at the price of
7,99 wich is an average price of the last three days. After this
transaction, Magnus Jonsson has a call option for 40,000,000 shares
in Atorka Group hf.  and Related parties' holdings after the
transaction is 464,087,944 shares.

Arnar Mar Johannesson, CFO of Atorka Group hf., exercised an option
agreement with Atorka Group hf., dated  in 2007,  regarding 3,000,000
shares at the price of 5,716.  The agreement was exercised by way of
cash settlement without transfer of shares, at the price of 7,99 wich
is an average price of the last three days. After this transaction,
Arnar Mar Johannesson has a call option for 12,000,000 shares in
Atorka Group hf. and Related parties' holdings after the transaction
is 77,922 shares.

Valdis Arnardóttir, IR and Communication Manager of Atorka Group hf.,
exercised an option agreement with Atorka Group hf., dated  in
2007, regarding 2,000,000 shares at the price of 5,716.  The
agreement was exercised by way of cash settlement without transfer of
shares, at the price of 7,99 wich is an average price of the last
three days. After this transaction, Valdis Arnardottir has a call
option for 4,000,000 shares in Atorka Group hf.  and is holding
160,094 shares.