Directors Dealings Name of insider: Hjörleifur Ásgeirsson Relation to the issuer: MD of subsidiary Date of transaction: 12.9.2007 Buy or Sell: Sala / Sale Type of instrument: Hlutabréf / Equities Number of shares: 2.916.667 Price: 6,4 Primary insider's holdings after the transaction: 145.000 Primary insider's option holdings after the transaction: 0 Related parties' holdings after the transaction 0 Date of settlement : Comments: Settlement of put option agreements with managing directors of Icelandic Group´s subsidiaries. Hjörleifur is MD of Icelandic´s subsidiary in Spain.