Published: 2011-09-01 20:26:47 CEST
Icelandair Group hf.
Company Announcement

Dividend Policy and Possible Dual Listing

The Board of Directors (the “ Board ”) of Icelandair Group hf. (the “ Company ”) has agreed to the following dividend policy: “The goal is to pay 20-40% of each year’s net profit as dividend. Final annual dividend payments will be based on the financial position of the Company, operating capital requirements and market conditions.”

The Board has also decided to postpone the final decision on possible secondary listing in another Nordic stock exchange until next year, due to market conditions on international markets.