Fly Play hf.

Major Shareholding Notification • Dec 14, 2007

Disclosure 248638

FL GROUP hf. - Major shareholder announcements

14.12.2007

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 14.12.2007 Fjöldi hluta í viðskiptum/Number of shares in transaction 0 Atkvæðisréttur eftir viðskipti/Voting right after the transaction 14,86%* Fjöldi hluta fyrir viðskipti/Number of shares before the transaction 1.475.101.748 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 % 15,96% Hlutfall af heildarhlutafé eftir viðskipti %/Holdings of total nominal value after the transaction % 14,86% Aðrar upplýsingar/Additional informations: Hlutfall eignarhlutar Oddaflugs B.V. lækkar vegna hlutafjárhækkunar FL Group. *Oddaflug B.V. fer samkvæmt tilkynningu dags. 6 desember 2007 sameiginlega með atkvæðisrétt í FL Group hf. ásamt Materia Invest ehf. Samanlagður atkvæðisréttur félaganna er 23,46%. Oddaflug B.V. er í eigu Eignarhaldsfélagsins Oddaflug ehf. sem er í eigu Hannesar Smárasonar stjórnarmanns FL Group. Meteria Invest ehf. er í eigu Þorsteins M. Jónssonar, stjórnarmanns í FL Group, Magnúsar Ármann og Kevin Stanford. Oddaflug B.V.‘s proportional holding of FL Group‘s total nominal value is decreased following share capital increase in FL Group. *On 6 December 2007 Oddaflug B.V and Materia Invest ehf. announced that the companies will jointly exercise their voting rights in FL Group. The aggregated voting rights of the companies is 23,46%. Oddaflug B.V. is held by Eignarhaldsfelagid Oddaflug ehf. which is ultimately owned by Hannes Smarason member of the Board of Directors of FL Group. Materia Invest ehf. is owned by Þorsteinn M. Jónsson, member of the Board of Directors of FL Group, Magnús Ármann and Kevin Stanford.