HB Grandi hf. - Managers' transactions

- Date of transaction 10.9.2007

Name of insider:	
Guðmundur A. Birgisson
Relations with the issuer:	
Alternate Member of the Board
Date of transaction:	
10.9.2007	

Buy or Sell:	
Kaup / Buy
Type of instrument:	
Hlutabréf / Equities
Number of shares:	
2.396.021	

Price:	
11,5

Primary insider's holdings after the transaction:	
13.907.664	

Primary insider's option holdings after the transaction:	
0
Related parties holdings after the transaction:	
0	

Date of settlement: