Directors Dealings Name of insider: Oddaflug B.V. Relations with the issuer: Shareholder Date of transaction: 10.8.2007 Buy or Sell: Kaup / Buy Type of instrument: Hlutabréf / Equities Number of shares: 79.449.859 Price: ISK 26,146 Primary insider's holdings after the transaction: 1.649.808.425 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: 1.650.808.425 Date of settlement : Comments: Oddaflug B.V. held 19.77% of the share capital in FL Group hf. before this purchase and Ellidahamar ehf. 0.01%. Oddaflug B.V. is held by Eignarhaldsfelagid Oddaflug ehf. which is held by the CEO of FL Group hf. Hannes Smarason. Ellidahamar ehf. is held by Gunnar Sturluson a Board member of Eignarhaldsfelagid Oddaflug and Oddaflug B.V. The companies' total shareholding in FL Group hf. after the purchase is 1,650,808,425 shares which is 20.78% of FL Group's share capital.