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 2 2009. 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 Friðrik Ásmundsson Brekkan, kt: 210451-5959, Hringbraut 75, Hafnarfirði Gunnlaugur M. Sigmundsson, kt. 300648-3719, Þverárseli 20, Reykjavík Martha Eiríksdóttir, kt. 251257-5159, Vesturbrún 33, Reykjavík Alternate Board Members: Jón Benediktsson, kt. 161064-3359, Hæðarbyggð 23, Garðabæ Ómar Benediktsson, kt. 221059-4689, Ægisíðu 58, Reykjavík 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 Reykjavik Airport. 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 it will be necessary to elect between the aforementioned candidates to the Board, but the Alternate Members will be chosen to the Board.