Dividend

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.

At the Annual General Meeting (AGM) on the 23 March 2012, the proposal of the Board of Directors of Icelandair Group to pay a dividend of ISK 0.8 billion to shareholders was approved.

The dividend is 20.3% of the total comprehensive income and 16% of the share capital.  The record date was 28 March.  Only shareholders registered in the shareholders' registry at closing on the record date are entitled to receive dividend payments.  The ex-date, i.e. when trading exclusive of dividends begins, was 26 March, 2012, which is the trading day following the AGM.  Payment date of the dividend will be 20 April 2012.