Trade ticker: HFEIM Issuer: Hf.Eimskipafélag Íslands Date of announcement 31.3.2008 Name of related party trading the shares: Otec Investment corp. Name primary insider: Sindri Sindrason Insider's relation with the issuer: Chairman of the Board Date of transaction: 31.3.2008 Time of transaction: 15:20 Type of financial instrument: Hlutabréf/Equities Buy or Sell: Kaup/Buy Number of shares: 2,900,000 Price per share: 23.893 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 0 Related parties' holdings after the transaction: 38,951,247 Date of settlement*: 0 Comments*: Sindri Sindrason is majority stakeholder and a boardmember of Otec Investment Corp.