Name of insider: Derek Lovelock, Rickard Glanville, Sharon O'Connor, Meg Lustman og Hannah Russell Relations with the issuer CEO, CFO, key employees Date of transaction: 14.8.2007 Buy or Sell: Sala / Sale Type of instrument: Hlutabréf / Equities Number of shares: 181.826 Price: 17,5 Primary insider's holdings after the transaction: 243.848.945 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: 0 Date of settlement: Comments: "Richard Glanville, Chief Financial Officer of Mosaic Fashions hf., sells in the transaction 53,137 shares in Mosaic Fashions hf. Richard will own 71,262,671 shares in Mosaic Fashions hf. after the transaction. Financially related parties to Richard do not own shares in Mosaic Fashions hf. after the transaction. Derek Lovelock, Chief Executive Officer of Mosaic Fashions hf., sells in the transaction 104,321 shares in Mosaic Fashions hf. Derek will own 139,906,819 shares in Mosaic Fashions hf. after the transaction. Financially related parties to Derek do not own shares in Mosaic Fashions hf. after the transaction. Meg Lustman, a key employee of Mosaic Fashions hf., sells in the transaction 17,478 shares in Mosaic Fashions hf. Meg will own 23,439,257 shares in Mosaic Fashions hf. after the transaction. Financially related parties to Meg do not own shares in Mosaic Fashions hf. after the transaction. Sharon O'Connor, a key employee of Mosaic Fashions hf., sells in the transaction 5,826 shares in Mosaic Fashions hf. Sharon will own 7,813,086 shares in Mosaic Fashions hf. after the transaction. Hannah Russell, a key employee of Mosaic Fashions hf., sells in the transaction 1,064 shares in Mosaic Fashions hf. Hannah will own 1,427,112 shares in Mosaic Fashions hf. after the transaction. Financially related parties to Hannah do not own shares in Mosaic Fashions hf. after the transaction."