Icelandair Group hf. - Increase in share capital


New shares in Icelandair Group hf., symbol ICEAIR, amount 2,941,000,000 will be
admitted to trading on NASDAQ OMX Iceland 5 November 2010. The total nominal
value of Icelandair Group´s listed shares as of 5 November 2010 will be nominal
value ISK 2,941,000,000 (ref. to an announcement from the company made public
21 October 2010).