Icelandair Group hf.: Transactions in relation to share repurchase program

In Week 11 2018, Icelandair Group hf. (The “Company”) purchased 25,201,160 of its own shares. The total purchase price is ISK 388,451,312, as detailed below: DateTimePurchased sharesShare priceTurnoverNo. of own shares after transaction 12.3.201810:13  1.000...

In Week 11 2018, Icelandair Group hf. (The “Company”) purchased 25,201,160 of its own shares. The total purchase price is ISK 388,451,312, as detailed below:

Date	Time	Purchased shares	Share price	Turnover	No. of own shares after transaction
12.3.2018	10:13	1.000.000	15,50	15.500.000	161.657.337
12.3.2018	10:13	2.980.000	15,50	46.190.000	164.637.337
12.3.2018	10:14	1.000.000	15,50	15.500.000	165.637.337
12.3.2018	10:14	60.232	15,50	933.596	165.697.569
13.3.2018	09:33	1.000.000	15,35	15.350.000	166.697.569
13.3.2018	09:33	2.978.000	15,35	45.712.300	169.675.569
13.3.2018	10:41	10.100	15,35	155.035	169.685.669
13.3.2018	10:47	1.052.132	15,35	16.150.226	170.737.801
14.3.2018	10:08	1.000.000	15,30	15.300.000	171.737.801
14.3.2018	11:23	505.750	15,30	7.737.975	172.243.551
14.3.2018	13:26	3.500.000	15,40	53.900.000	175.743.551
14.3.2018	14:34	34.482	15,40	531.023	175.778.033
15.3.2018	10:12	5.000.000	15,35	76.750.000	180.778.033
15.3.2018	14:38	40.232	15,40	619.573	180.818.265
16.3.2018	10:46	2.000.000	15,50	31.000.000	182.818.265
16.3.2018	11:47	3.000.000	15,50	46.500.000	185.818.265
16.3.2018	14:06	40.232	15,45	621.584	185.858.497

 Prior to the aforementioned share repurchase, the Company owned 160,657,337 of its own shares but now owns 185,858,497 of its own shares, corresponding to 3.72% of the Company's total share capital.

The trade is in accordance with a share repurchase program authorized by the Annual General Meeting on the 3^rd of March 2017 and has been put in motion according to an announcement published in NASDAQ Iceland on the 1^st of March 2018.

Icelandair Group hf. has acquired 46,398,497 of its own shares under the program which corresponds to 0.93% of the total share capital and the total value of repurchased shares amounts to ISK 727,195,384. According to the program, The Company may not purchase more than 50,000,000 of its own shares, corresponding to 1.00% of the total share capital. The total consideration for shares under the program shall not exceed ISK 750 million. The share repurchase program is valid until September 3^rd 2018 or until the total allowed amount of shares are purchased by the Company, whichever happens first.

The share repurchase program is executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, with later amendments.

For further information, please contact:

Bogi Nils Bogason, CFO
[email protected]
Tel: +354 665 8801