FL GROUP hf. - Changes in company's own shares

Share purchase

Nafn/Name:
FL Group hf.	

Dagsetning viðskipta/Date of transaction:
21.05.2008

Kaup eða sala/Buy or Sell:
Kaup/Buy

Tegund fjármálagernings/Type of instrument:
Hlutabréf/Shares

Fjöldi hluta/Number of shares:
2,181,638,368 

Gengi/Verð pr. Hlut/Price:
6,68

Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction:
2,344,801,641

Dagsetning lokauppgjörs/Date of settlement:
29. maí 2008

Ástæður viðskipta/Reason for transaction:

Viðskiptin tengjast tilboði til hlutahafa FL Group sem lagt var fram þann 9.
maí 2008 og tengist fyrirhugaðri afskráningu hlutabréfa FL Group úr kauphöll
OMX Nordic Exchange Iceland. 

The transaction relates to the offer made to FL Group shareholsders that was
posted on 9 May 2008 in relation with the proposed delisting from the OMX
Nordic Exchange Iceland.