Fly Play hf.

Major Shareholding Notification • Dec 7, 2007

Disclosure 247695

FL GROUP hf. - Major shareholder announcements

Oddaflug B.V.

Nafn tilkynningarskylds aðila/Name of party notifying Oddaflug B.V. Heimilisfang/Address of the party notifying Parklaan 60 5613BII Eindhoven 99 NL Dagsetning viðskipta/Date of transaction 06.12.2007 Fjöldi hluta í viðskiptum/Number of shares in transaction 0 Atkvæðisréttur eftir viðskipti/Voting right after the transaction 15,96% Fjöldi hluta fyrir viðskipti/Number of shares before the transaction 1.896.722.006 Fjöldi hluta eftir viðskipti/Number of shares after the transaction 1.475.101.748 Hlutfall af heildarhlutafé fyrir viðskipti %/Holdings of total nominal value before the transaction % 20,52% Hlutfall af heildarhlutafé eftir viðskipti %/Holdings of total nominal value after the transaction % 15,96% Aðrar upplýsingar/Additional informations: Vísað er til tilkynningar um samkomulag Oddaflugs B.V. og Materia Invest ehf. sem birtist á vef OMX þann 6. desember 2007. Oddaflug B.V. er í eigu Eignarhaldsfélagsins Oddaflug ehf. sem er í eigu Hannesar Smárasonar fyrrverandi forstjóra FL Group hf. We refer to the notice regarding agreement between Oddaflug B.V. and Materia Invest ehf. which was published on OMX on December 6, 2007. Oddaflug B.V. is held by Eignarhaldsfelagid Oddaflug ehf. which is ultimately owned by Hannes Smarason the former CEO of FL Group.