Icelandair Group hf. - Notice to convene extr.general meeting

Changes to the agenda of a shareholders meeting

The proposer of a proposal of a vote of no confidence on the auditing firm of
the company and a proposal to elect a new auditing firm has withdrawn his
proposals with the following statement: 

“I withdraw my proposals to the shareholders meeting of Icelandair Group hf.
that is to be held on September 15th 2010. As new shareholders have invested in
the company and the financial restructuring is almost completed I believe that
further discussions on the proposals do not serve the best interests of the
company, at this time. In light of the above I withdraw my proposals. 

Vilhjalmur Bjarnason
Shareholder”

The final agenda will therefore be as follows:
1.  Election of Board Members and Alternate Board Members in accordance with
Article 5 of the Articles of Association of the Company.