The Iceland Enterprise Investment Fund has mandated Íslandsbanki’s Securities Brokerage to manage the sale of a 10% share in Icelandair Group. The shares will be offered to professional investors through a process of book building. The minimum share price in the offer is ISK 5.42 per share, which is the share price at the end of trading on Friday November 4th. The deadline for submitting offers will expire at 18:00, Monday 7 November, 2011.

The Fund´s investment of almost 30% shareholding in Icelandair Group in 2010 was an important part of the Group´s financial restructuring and in line with the Fund´s role of participating in the revitalization of the Icelandic economy.

For further information:

Securities Brokerage
Islandsbanki
Tel: +354 440 4499
vbm@islandsbanki.is