Following is the Board of Directors of Icelandair Group elected at the
Annual General Meeting 2 March 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 
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 

At a meeting of the Board of Directors following the AGM Gunnlaugur M.
Sigmundsson was elected Chairman of the Board and Einar Sveinsson Vice
Chairman.