Icelandair Group hf. - Company Announcement

Agreement signed with the Icelandic Cabin Crew Association – Strike postponed

Icelandair Group and the Icelandic Cabin Crew Association (FFI) just signed a
wage agreement that is valid until 31 August 2015. The agreement is in broad
terms in line with agreements already signed on the Icelandic labor market this
year. The agreement will now be presented to FFI members that will vote on the
agreement and all labor actions against Icelandair have been postponed until
the vote has been concluded. 

Further information:

Bjorgolfur Johannsson, President and CEO
bjorgolfur@icelandairgroup.is
+ 354 896 1455

Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801