Fly Play hf.

Major Shareholding Notification • Dec 21, 2007

Disclosure 250225

FL GROUP hf. - Major shareholder announcements

21.12.2007

Nafn tilkynningarskylds aðila/Name of party notifying Baugur Group hf. / BG Capital hf. Heimilisfang/Address of the party notifying Túngötu 6, 101 Reykjavík Dagsetning viðskipta/Date of transaction 20.12.2007 Fjöldi hluta í viðskiptum/Number of shares in transaction 3.659.265.291 Atkvæðisréttur eftir viðskipti/Voting right after the transaction 36,47% Fjöldi hluta fyrir viðskipti/Number of shares before the transaction 1.295.449.496 Fjöldi hluta eftir viðskipti/Number of shares after the transaction 4.954.714.787 Hlutfall af heildarhlutafé fyrir viðskipti %/Holdings of total nominal value before the transaction % 13,05% Hlutfall af heildarhlutafé eftir viðskipti %/Holdings of total nominal value after the transaction % 36,47% Aðrar upplýsingar/Additional informations: BG Capital ehf. er í 100% eigu Baugs Group hf. Fjárhagslega tengdir aðilar eru Fjárfestingafélagið Gaumur ehf., Eignarhaldsfélagið ISP ehf., Hagar hf., Landic Property hf. og 101 Capital ehf. Jón Ásgeir Jóhannesson, starfandi stjórnarformaður Baugs Group, er formaður stjórnar FL Group. Baugur Group hf. is the sole shareholder of BG Capital ehf. Financially related parties holding shares in FL Group are Fjarfestingafelagid Gaumur ehf., Eignarhaldsfelagid ISP ehf., Hagar hf., Landic Property hf. and 101 Capital ehf. Jon Asgeir Johannesson, Executive Chairman of Baugur Group, is Chairman of the Board of Directors of FL Group.