Directors Dealings Name of insider: FL Group hf. Relations with the issuer: Shareholder Date of transaction: 28.6.2007 Buy or Sell: Sala / Sale Type of instrument: Hlutabréf / Equities Number of shares: 632.698.239 Price: 28,9 Primary insider's holdings after the transaction: 0 Primary insider's option holdings after the transaction: 0 Related parties holdings after the transaction: 4.757.618.606 Date of settlement: Comments: This transaction is only a transfer of 632,698,239 shares in Glitnir banki hf. from FL Group hf. to FL Group Holding Netherlands B.V., a subsidiary 100% owned and controlled by FL Group hf. Total shareholdings of FL Group hf. and subsidiaries remains the same after this transaction, i.e. 31.97%.