Fly Play hf.

Transaction in Own Shares • May 29, 2008

Disclosure 259231

FL GROUP hf. - Changes in company's own shares

Share purchase

Nafn/Name: FL Group hf. Dagsetning viðskipta/Date of transaction: 29.05.2008 Kaup eða sala/Buy or Sell: Kaup/Buy Tegund fjármálagernings/Type of instrument:Hlutabréf/Shares Fjöldi hluta/Number of shares: 2.185.568.891* Gengi/Verð pr. Hlut/Price: 6,68 Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction: 2.348.732.164* Dagsetning lokauppgjörs/Date of settlement: 29. maí 2008 Ástæður viðskipta/Reason for transaction: * Viðskiptin eru uppgjör á kaupum á eigin hlutum í tengslum við tilboð til hlutahafa FL Group sem lagt var fram þann 9. maí 2008 og tilkynnt var um 21. maí og tengist fyrirhugaðri afskráningu hlutabréfa FL Group úr kauphöll OMX Nordic Exchange Iceland. Fjöldi hluta eru leiðréttir frá fyrri tilkynningu í samræmi við niðurstöður uppgjörs. The transaction relates to the settlement of the purchase of shares in relation to offer made to FL Group shareholders that was posted on 9 May 2008 in relation with the proposed delisting from the OMX Nordic Exchange Iceland. Previously announced numbers have been corrected to conform with settlement results.