Directors Dealings. Name of insider: Tessera Holding ehf. Relations with the issuer: Financially related party Date of transaction: 13.8.2007 Buy or Sell Kaup / Buy Type of instrument: Hlutabréf / Equities Number of shares: 1.617.423 Price: 17,5 Primary insider's holdings after the transaction: 1.057.052.313 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: See comments. Date of settlement: Comments: "Continuation transaction relating to the bid made by a consortium of investors through Tessera Holding ehf. Tessera Holding ehf. has today acquired additional 1,617,423 shares in Mosaic Fashions hf. The consortium now, directly or indirectly, owns an aggregate of 2,895,908,978 shares in Mosaic Fashions hf. or the equivalent of 99.8% of the company's share capital. 14 additional shareholders accepted the offer bringing the number of shareholders in Mosaic Fashions hf. down to 194. Richard Glanville, a member of the bid consortium and the Chief Financial Officer of Mosaic Fashions hf., owns 71,315,808 shares in Mosaic Fashions hf. Derek Lovelock, a member of the bid consortium and the Chief Executive Officer of Mosaic Fashions hf., owns 140,011,140 shares in Mosaic Fashions hf. Meg Lustman, a member of the bid consortium and a key employee of Mosaic Fashions hf., owns 23,456,735 shares in Mosaic Fashions hf. Sharon O'Connor, a member of the bid consortium and a key employee of Mosaic Fashions hf., owns 7,818,912 shares in Mosaic Fashions hf. Hannah Russell, a member of the bid consortium and a key employee of Mosaic Fashions hf., owns 1,428,176 shares in Mosaic Fashions hf. John Egan, a member of the bid consortium and a key employee of Mosaic Fashions hf., does not own any shares in Mosaic Fashions hf. F-Capital ehf., a member of the bid consortium and a wholly owned subsidiary of Baugur Group hf., a primary insider in Mosaic Fashions hf., owns 1,083,138,488 shares in Mosaic Fashions hf. Gnúpur Investment Company hf., a member of the bid consortium, owns 20,030,000 shares in Mosaic Fashions hf. Kaupthing Bank hf., a member of the bid consortium, owns 375,414,167 shares in Mosaic Fashions hf. Karen Millen & Trust, a member of the bid consortium, owns 116,243,239 shares in Mosaic Fashions hf. For further information, please contact Jessica Wilks, Investor Relations Manager on +44 207 452 1122. Information on Mosaic Fashions hf is available on the company website at www.mosaic-fashions.is or www.mosaic-fashions.co.uk."