Correction - Icelandair Group hf. - Increase in share capital - Published 2010-11-04 11:34:30

 | Source: NASDAQ Iceland hf. NASDAQ Iceland hf. 

Correction: The total nominal value of Icelandair Group´s listed shares as of 5
November 2010 will be nominal value ISK 3,941,000,000. 

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 3,941,000,000 (ref. to an announcement from the company made public
21 October 2010).