Mrs. Auður Finnbogadóttir has as of today resigned from the Board of Directors of Icelandair Group. Mrs. Finnbogadóttir has been appointed CEO of the Engineers'Pension Fund and feels that membership of the board of Icelandair Group does not serve the interests of the Engineers' Pension Fund. For further information please contact: Björgólfur Jóhannsson President and CEO of Icelandair Group; Tel: 354-896-1455