This fall FL Group made an agreement with Glitnir to manage the sale of Icelandair Group. New owners bought a majority of the company stock in October. In the run up to the public stock offer that ends today, professional investors, retirement funds, management and the employees bought approximately 85% of the company stock. All of these have bought the stock at the same price as that offered in the public stock offer, 27 ISK per share.

The largest inverstors in Icelandair Group are Langflug ehf with 32%, Naust ehf with 14,8% and Máttur Investments with 11,1%.

Icelandair Group is a holding company with 13 independent companies, with a focus on airline operations and tourism. The companies employ 2.700 people and have a combined estimated turnover of 54 billion ISK. The operations of the group can be split into 3 main fields. International scheduled airline operations, worldwide charter operations and tourism in Iceland. The backbone of the operations is the international operations of Icelandair, which is built upon a network between Europe and America with an emphasis on Iceland. The airline flew to 25 destinations last year and carried approximately one and half million passengers.

For further details on the stock offer and Icelandair Group are in the prospectus that is available at www.glitnir.is, www.icex.is and www.icelandairgroup.is