Upon request from the Icelandic Financial Supervisory Authority to all issuers of securites on the Iceland stock exchange regarding the publishing of a statement about the situation the companies due to the unusual circumstances Icelandair Group wants to state the following: Icelandair Group published on October 12th 2008 the following statement about the company‘s results, operations and future outlook. Attached is the press release from October 12th Further information: Björgólfur Jóhannsson, CEO of Icelandair Group tel: 354-896-1455 Bogi Nils Bogason CFO of Icelandair Group tel: 354-665-8001
Icelandair Group- a statement regarding the effect of the changes in the financial markets in Iceland.
| Source: Icelandair Group hf.