Atlantic Airways appoints market making partner on NASDAQ OMX Copenhagen and NASDAQ OMX Iceland

Atlantic Airways P/F and Eik Banki P/F have signed a Market Making Agreement
today where Eik Banki P/F acts as market maker for shares issued by Atlantic
Airways P/F on NASDAQ OMX Copenhagen as well as NASDAQ OMX Iceland. 

The purpose of the agreement is to facilitate trading and improve liquidity in
the shares of Atlantic Airways P/F on the NASDAQ OMX Copenhagen and NASDAQ OMX
Iceland in order to promote the development of market price and to encourage
effective and transparent price formation. 

The terms of the market making agreements are as follows:

In minimum 90% of the trading period Eik Banki P/F is obligated to provide
liquidity for up to DKK 750,000 market value each trading day. 

Eik Banki P/F will at any given time make daily bid and offer quotes for shares
in Atlantic Airways P/F for a minimum of 200 shares and simultaneously the bid
and offer value shall at least be DKK 50,000. 

Maximum bid/ask spread shall not exceed 1.5% and the deviation from the last
transaction price shall not exceed 3.0%. The agreement is effective as of
Wednesday, 5 November 2008. 

Atlantic Airways was established in 1987 and has grown steadily since then.
Operations started cautiously in March 1988, with a single aircraft and just
one route, between the Faroe Islands and Copenhagen. Atlantic Airways has
gradually expanded and established new income streams, ensuring the company a
stable economic base. The main activity consists of scheduled service with
Faroes as a cornerstone, charter operations in Europe and helicopter operations
in Faroese and North Sea waters. Atlantic Airways currently operates seven jet
aircrafts and four medium size 
helicopters.

For further information contact:
Magni Arge, CEO, tel +298 213700- magni@atlantic.fo
Marius Davidsen, CFO, +298 213703 - marius@atlantic.fo