The Competition Authority will not intervene in the merger of FL Group and Tryggingamidstodin.

| Source: FL GROUP hf. FL GROUP hf. 

The Competition Authority has issued its decision no. 28/2008 regarding the
merger of FL Group and Tryggingamiðstöðin and has decided that the Competition
Authority will not intervene. 

For further information please contact:
Julius Thorfinnsson
Head of Corporate Communications 
tel. +354 591 4400
julius@flgroup.is