FL GROUP hf. - Articles of association

20.12.2007

Enclosed are new Articles of Association for FL Group following the Share
Capital Increase approved by the Board of Directors of FL Group on December 20,
2007. The total nominal value of shares inFL Group is ISK 13,584,265,973 after
the increase.

Attachments:

ENG Nomination committee

20071220_articles of association_enska.pdf