Name of party notifying FL Group hf. Address of the party notifing Suðurlandsbraut 12 Date of transaction 11.10.2007 Number of shares in transaction 122.306.589 Number of shares before the transaction 913.054.048 Number of shares after the transaction 1.035.360.637 Holdings of total nominal value before the transaction % 83,74% Holdings of total nominal value after the transaction % 94,96% Notification is based on Art. 33 (1) of the Act no. 33/2003 point(s) no. Additional information FL Group hf. holds its shares in TM directly and through its subsidiary Kjarrhólmi ehf. The transaction is subject to the approval of the FSA. FL Group pays for the shares with new share capital in FL Group.