Icelandic Group hf. - Company Announcement

- Presentation for shareholders and analysts will be held on May 16th.

Icelandic Group will publish its Interim Financial Statement for the first
Quarter of 2008  on May 15th.  A presentation for shareholders and analysts
will be held on Friday May 16th at the Group's headquarters at Borgartun 27,
Reykjavík on the 1st floor.  Finnbogi A. Baldvinsson, Icelandic Group's CEO,
will present the results and answer questions.  The presentation commences at
08:30. 

The presentation will be available on Icelandic Group's website,
www.icelandic.is, and on The OMX Nordic Exchange website,
www.omxgroup.com/nordicexchange, after the meeting.