Icelandair Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell


ADVISORY, April 6, 2009 (GLOBE NEWSWIRE) --



 What:
 Icelandair, a subsidiary of Icelandair Group (listed on the NASDAQ
 OMX Iceland as ICEAIR), will visit the NASDAQ MarketSite in New York
 City's Times Square.

 In honor of the occasion, Birkir Holm Gudnason, Chief Executive
 Officer of Icelandair; and Gylfi Magnusson, Iceland Minister of
 Trade and Commerce, will preside over the Closing Bell.

 Where:
 NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

 When:
 Tuesday, April 7, 2009 at 3:45 p.m. to 4:00 p.m. ET

 Contacts:
 Gudhjon Arngrimsson
 +354 5050 393 (office)
 +354 864 5849 (mobile)
 gudjon@icelandair.is

 NASDAQ MarketSite:
 Robert Madden
 (646) 441-5045
 Robert.Madden@NASDAQOMX.com

Feed Information:

The Closing Bell is available from 3:50 p.m. to 4:05 p.m. on AMC-3/C-3 (ul 5985V; dl 3760H). The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Robert Madden at (646) 441-5045.

Radio Feed:

An audio transmission of the Closing Bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.

Webcast:

A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx

Photos:

To obtain a high-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Icelandair:

Icelandair is a customer-oriented travel service company providing high-value products. Icelandair currently serves 24 gateways in North America and Europe, offering full range of services at affordable prices. Icelandair is part of the Icelandair Group.

About Icelandair Group [ICEAIR]:

Icelandair Group, listed on the NASDAQ OMX Iceland as ICEAIR, is a holding company with 12 independent subsidiaries focused on the airline and tourism sectors. The Group has two main business areas, Scheduled Airline and Tourism and Capacity Solutions. Iceland is the focus of Scheduled Airline and Tourism, with the international airline Icelandair, Icelandair Ground Services (IGS) Icelandair Cargo, Iceland Travel, Air Iceland and Icelandair Hotels. Capacity Solutions offer broad worldwide aviation services with Loftleidir Icelandic, Travel Service, SmartLynx, Bluebird Cargo, and Icelease. The Group's financial services are handled by Fjarvakur.

Icelandair Group owns and operates profitable and dynamic travel and transport companies delivering safe, reliable and convenient services. We create value for our customers, employees and shareholders by focusing on customer needs, efficient service delivery and unique and superior value propositions. We invest in strong, profitable travel and transport companies with high potential for growth and future value creation.

About NASDAQ OMX:

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,800 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.

NDAQA