Directors Dealings Name of insider: Milestone ehf. Relations with the issuer: Member of the Board Date of transaction: 10.8.2007 Buy or Sell: Sala / Sale Type of instrument: Hlutabréf / Equities Number of shares: 63.017.167 Price: 17,5 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: 0 Date of settlement : Comments: "Sjóvá Almennar tryggingar hf. and SJ1 ehf have accepted the takeover bid for shares in Mosaic Fashions hf. SJ1 owned 33.017.167 shares in Mosaic Fashions and Sjóvá Almennar tryggingar hf owned 30.000.000 shares in Mosaic Fashions according to forward agreement. SJ1 ehf. is a wholly owned subsidiary of Sjóvá-Almennar tryggingar hf., which in turn is a wholly owned subsidiary of Milestone ehf. Þór Sigfússon is the CEO of Sjóvá-Almennar tryggingar hf. and a member of the board of directors of Mosaic"