- Date of transaction 14.8.2007


Related party trading.

Name of related party trading the shares:	
Tessera Holding ehf.

Name of primary insider:	
See explanation

Relations with the issuer:	
See explanation

Date of transaction:	
14.8.2007

Buy or Sell:	
Kaup / Buy

Type of instrument:	
Hlutabréf / Equities

Number of shares:	
181.826

Price:	
17,5

Primary insider's holdings after the transaction:	
1.057.234.139

Primary insider's option holdings after the transaction:	
0

Related parties holdings after the transaction:	
See explanation

Date of settlement	:


Comments:	
"Continuation transaction relating to the bid made by a consortium of investors
through Tessera Holding ehf. which started on 9 July 2007. Tessera Holding ehf.
has today acquired additional 181,826 shares in Mosaic Fashions hf. 

As this is a transaction within the consortium no changes will occur in the
aggregate amount of shares owned, directly or indirectly, by the consortium.
The consortium now, directly or indirectly, owns an aggregate of 2,895,908,978
shares in Mosaic Fashions hf. or the equivalent of 99.8% of the company's share
capital. 

Richard Glanville, a member of the bid consortium and the Chief Financial
Officer of Mosaic Fashions hf., will own 71,262,671 shares in Mosaic Fashions
hf. after the transaction. 

Derek Lovelock, a member of the bid consortium and the Chief Executive Officer
of Mosaic Fashions hf., will own 139,906,819 shares in Mosaic Fashions hf.
after the transaction. 

Meg Lustman, a member of the bid consortium and a key employee of Mosaic
Fashions hf., will own 23,439,257 shares in Mosaic Fashions hf. after the
transaction. 

Sharon O'Connor, a member of the bid consortium and a key employee of Mosaic
Fashions hf., will own 7,813,086 shares in Mosaic Fashions hf. after the
transaction. 

Hannah Russell, a member of the bid consortium and a key employee of Mosaic
Fashions hf., will own 1,427,112 shares in Mosaic Fashions hf. after the
transaction. 

John Egan, a member of the bid consortium and a key employee of Mosaic Fashions
hf., does not own any shares in Mosaic Fashions hf. 

F-Capital ehf., a member of the bid consortium and a wholly owned subsidiary of
Baugur Group hf., a primary insider in Mosaic Fashions hf., owns 1,083,138,488
shares in Mosaic Fashions hf. 

Gnúpur Investment Company hf., a member of the bid consortium, owns 20,030,000
shares in Mosaic Fashions hf. 

Kaupthing Bank hf., a member of the bid consortium, owns 375,414,167 shares in
Mosaic Fashions hf. 

Karen Millen & Trust, a member of the bid consortium, owns 116,243,239 shares
in Mosaic Fashions hf. 

For further information, please contact Jessica Wilks, Investor Relations
Manager on +44 207 452 1122. 

Information on Mosaic Fashions hf is available on the company website at
www.mosaic-fashions.is or www.mosaic-fashions.co.uk."