Icelandair Group hf. - Company Announcement

Two Boeing 757-200 aircraft added to the fleet

Due to the expansion in our international route network the Company will deploy
18 aircraft in its operations next summer, as compared to 16 aircraft in the
summer of 2012. Two Boeing 757-200 aircraft have been purchased. Both aircraft
will undergo the usual modification process to meet the Company's standards
prior to being taken into use. The purchase price, which is confidential, was
paid for with Icelandair Group's own funds. The aircraft should be ready for
use next May. 

For further detailed information please contact:
Bogi Nils Bogason, CFO, Icelandair Group tel: + 354 665-8801