Fly Play hf.

Legal Proceedings Report • Sep 29, 2008

Disclosure 262415

FL GROUP hf. - Company Announcement

Authorisation for moratorium process

The District Court of Reykjavík granted Stodir hf. (formerly FL Group hf.) authorisation for moratorium process until 20 October 2008. Jakob R. Möller hrl., Logos lögmannsþjónustu, has been appointed administrator of the Company. The shareholders‘ meeting of Stodir hf. to be held tomorrow, 30 September 2008, has been cancelled considering the aforementioned.