Icelandair Group hf. - Company Announcement

New Market Making Agreements

Icelandair Group hf. (the Company) has entered into agreements (the Agreements)
with Íslandsbanki hf. and Landsbankinn hf. (the Banks) whereas the banks
undertake to act as market makers for the Companies shares in accordance with
Article 116 of Act No. 108/2007 on Securities Transactions. The Agreements will
take effect on 1 April 2014 and 31 March will therefore be the last day of the
current market making agreements. The main terms of the Agreements are as
follows: 



                                                       Íslandsbaki  Landsbankinn
                                                               hf.           hf.
--------------------------------------------------------------------------------
Minimum amount of bid and offer quotes (nominal          2.000.000     2.000.000
 value)                                                                         
Maximum amount of total trading each day (nominal        9.000.000    12.000.000
 value)                                                                         
Maximum bid and offer spreads                                 1,5%          1,5%
Maximum deviation from last price paid                          3%            3%
Maximum time to place new orders in succession to       10 minutes    10 minutes
 prior orders getting filled                                                    



Further information:

Bogi Nils Bogason, CFO

bogi@icelandairgroup.is
+ 354 665 8801