Name of party notifying: Baugur Group hf. Address of the party notifing: Túngata 6, 101 Reykjavík. Date of transaction: 22.5.2007 Number of shares in transaction: 81.238.912 Number of shares before the transaction: 1.008.150.231 Number of shares after the transaction: 1.089.389.143 Holdings of total nominal value before the transaction %: 29,40% Holdings of total nominal value after the transaction %: 31,76% Notification is based on: Art. 33 (1) of the Act no. 33/2003 point(s) no. 1 Additional information Jón Ásgeir Jóhannesson is the Chairman of the Board of 365.