Icelandair Group hf.

New Shares Admitted to Trading and Update to Largest Shareholder ‘s List

The issuance and delivery of 23,000,0000,0000 new shares in Icelandair Group was completed on 29 September. Following the share capital increase the total number of outstanding shares in Icelandair Group equals 28,437,660,653, each with a nominal value of ISK 1. Each share carries one vote. The Company holds no treasury shares.

The new shares have been admitted to trading today, 30 September 2020.

The 20 largest shareholders as of today, 30 September 2020, are as follows:

Owner	Number of shares	%
Landsbankinn hf.	2.126.302.916	7,48%
Gildi - lífeyrissjóður	1.878.761.301	6,61%
Íslandsbanki hf.	1.860.289.959	6,54%
Lífeyrissj.starfsm.rík. A-deild	1.773.730.661	6,24%
Brú Lífeyrissjóður starfs sveit	1.356.204.675	4,77%
Lífeyrissjóður verslunarmanna	642.361.239	2,26%
Stefnir - ÍS 15	568.483.644	2,00%
Sólvöllur ehf.	554.704.375	1,95%
Kvika banki hf.	553.130.709	1,95%
Par Investment Partners L.P.	543.881.750	1,91%
Landsbréf - Úrvalsbréf	536.232.220	1,89%
Arion banki hf.	517.852.380	1,82%
Stefnir - ÍS 5	505.853.032	1,78%
Stefnir - Samval	452.000.000	1,59%
Söfnunarsjóður lífeyrisréttinda	397.177.554	1,40%
Birta lífeyrissjóður	383.553.804	1,35%
Stapi lífeyrissjóður	295.507.966	1,04%
Eftirlaunasj atvinnuflugmanna	293.861.670	1,03%
Lífsverk lífeyrissjóður	255.050.573	0,90%
Bóksal ehf.	252.013.653	0,89%
	Total owned by 20 largest	55,37%

The list is published subject to change due to possible executed but unsettled trades in the Company’s shares

Contact information
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: [e-mail]
Media: Asdis Petursdottir, Director Communications. E-mail: [e-mail]