Icelandair Group hf.: Board of Directors – Allocation of Responsibilities

Following Icelandair Group's Annual General Meeting the Board of Directors has met and decided on allocation of responsibilities.Úlfar Steindórsson was elected the Chairman of the Board and Svafa Grönfeldt was elected as Vice Chairman. Úlfar Steindórsson will be the Board's representative in the Nomination Committee. The Sub-Committees of the Board will be composed as follows:Audit Committee Alexander Eðvardsson, ChairmanGuðmundur HafsteinssonSvafa Grönfeldt Remuneration Committee...

Following Icelandair Group's Annual General Meeting the Board of Directors has met and decided on allocation of responsibilities.

Úlfar Steindórsson was elected the Chairman of the Board and Svafa Grönfeldt was elected as Vice Chairman. Úlfar Steindórsson will be the Board's representative in the Nomination Committee. The Sub-Committees of the Board will be composed as follows:

Audit Committee

• Alexander Eðvardsson, Chairman
• Guðmundur Hafsteinsson
• Svafa Grönfeldt

Remuneration Committee

• Úlfar Steindórsson, Chairman
• Guðmundur Hafsteinsson

A new Sub-Committee, the Strategy Committee, will be introduced and is composed as follows:

• Svafa Grönfeldt, Chairman
• John F. Thomas
• Nina Jonsson

Further information:
Investors: Íris Hulda Þórisdóttir, Director Investor Relations, [email protected]
Media: Ásdís Ýr Pétursdóttir, Director Communications, [email protected]