The following individuals are the candidates for the Board of Directors of Icelandair Group hf. in the elections taking place in the Company's Annual General Meeting on March 11 2008. Board Members: Ásgeir Baldurs, kt.171172-5439, Lómasölum 13, Kópavogi Einar Sveinsson, kt. 030448-2789, Bakkaflöt 10, Garðabæ. Finnur Reyr Stefánsson, kt: 141069-3659, Brekkuási 11, Garðabæ Gunnlaugur M. Sigmundsson, kt. 300648-3719, Þverárseli 20, Reykjavík. Ómar Benediktsson, kt. 221059-4689, Ægisíðu 58, Reykjavík. Alternate Board Members: Martha Eiríksdóttir, kt. 251257-5159, Vesturbrún 33, Reykjavík. Jón Benediktsson, kt. 161064-3359, Hæðarbyggð 23, Garðabæ Sigurður Atli Jónsson, kt.040268-5299, Ystaseli 19, Reykjavík Further information on the candidates for the Board of Directors will be available at Icelandair Group's headquarters at Reykjavíkurflugvöllur. According to the Articles of Association of the Company, five board members shall be elected and three alternate board members. Accordingly it is evident that the aforementioned board members and alternate members will be chosen to the Board.