FL GROUP hf. - Flöggun

21.12.2007

Nafn tilkynningarskylds aðila/Name of party notifying
Baugur Group hf. / BG Capital hf.

Heimilisfang/Address of the party notifying
Túngötu 6, 101 Reykjavík

Dagsetning viðskipta/Date of transaction
20.12.2007

Fjöldi hluta í viðskiptum/Number of shares in transaction
3.659.265.291

Atkvæðisréttur eftir viðskipti/Voting right after the transaction
 36,47%

Fjöldi hluta fyrir viðskipti/Number of shares before the transaction
1.295.449.496

Fjöldi hluta eftir viðskipti/Number of shares after the transaction
4.954.714.787

Hlutfall af heildarhlutafé fyrir viðskipti %/Holdings of total nominal value
before the transaction % 
13,05%

Hlutfall af heildarhlutafé eftir viðskipti %/Holdings of total nominal value
after the transaction % 
36,47%

Aðrar upplýsingar/Additional informations:
BG Capital ehf. er í 100% eigu Baugs Group hf.  Fjárhagslega tengdir aðilar eru
Fjárfestingafélagið Gaumur ehf., Eignarhaldsfélagið ISP ehf., Hagar hf., Landic
Property hf. og 101 Capital ehf.  Jón Ásgeir Jóhannesson, starfandi
stjórnarformaður Baugs Group, er formaður stjórnar FL Group. 

Baugur Group hf. is the sole shareholder of BG Capital ehf.  Financially
related parties holding shares in FL Group are Fjarfestingafelagid Gaumur ehf.,
Eignarhaldsfelagid ISP ehf., Hagar hf., Landic Property hf. and 101 Capital
ehf. Jon Asgeir Johannesson, Executive Chairman of Baugur Group, is Chairman of
the Board of Directors of FL Group.