Icelandair Group — M&A Activity 2016

Dec 16, 2016

Icelandair Group purchases Hljómalindarreitur ehf.

Icelandair Group purchases Hljómalindarreitur ehf.

Icelandair Group hf. has purchased the company Hljómalindarreitur ehf., which
is the owner of buildings at 26-34 Hverfisgata and 4 Smiðjustígur in Reykjavik
where Icelandair Hotels operate Canopy by Hilton Reykjavik. The lease agreement
between Icelandair Hotels and Hljómalindarreitur expires in 2039. The purchase
will increase the assets of Icelandair Group by 4.5 billion ISK.

For further information, please contact:

Bogi Nils Bogason, CFO Icelandair Group
bogi@icelandairgroup.is
Tel: + 354 665 8801