Source: Icelandair Group hf.

New Market Making Agreements

Icelandair Group hf. (the Company) has entered into agreements (the Agreements) with Íslandsbanki hf., Kvika banki hf. and Landsbankinn hf. (the Banks) whereas the Banks undertake to act as market makers for the Company’s shares in accordance with Article 116 of Act No. 108/2007 on Securities Transactions. The Agreements will take effect on July 2nd 2018 and June 29th 2018 will therefore be the last day of the current market making agreements. The main terms of the Agreements are as follows:

 ÍslandsbankiKvika bankiLandsbankinn
Minimum amount of bid and offer quotes (nominal value)1.000.0001.000.0001.000.000
Maximum amount of total trading each day (market value)300.000.000300.000.000300.000.000
Maximum bid and offer spreads1,5%1,5%1,5%
Maximum deviation from last price paid3%3%3%
Maximum time to place new orders in succession to prior orders getting filled10 minutes10 minutes10 minutes

Further information:
Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801