As previously announced, a government guarantee for a credit facility has been approved by the Icelandic Parliament. The Company has now completed final documentation with Íslandsbanki, Landsbankinn and the Icelandic Government regarding terms for the credit facility for up to USD 120 million with a 90% government guarantee. The credit facility is conditioned upon a successful offering of shares in Icelandair Group.

Contact information:
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandairgroup.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is