Name of party notifying

Eignarhaldsfélagið Stofn ehf.

Address of the party notifing

Lækjargata 4

Date of transaction

13.12.2006

Number of shares in transaction

36.320.000

Number of shares before the transaction

0

Number of shares after the transaction

36.320.000

Holdings of total nominal value before the transaction %

0,00%

Holdings of total nominal value after the transaction %

5,04%

Notification is based on

Art. 33 (1) of the Act no. 33/2003 point(s) no.

Additional information

Bogi Palsson is the Chairman of the Board of Flaga Group hf. and Chairman, CEO and shareholder in Eignarhaldsfelagid Stofn ehf.