NASDAQ Iceland hf.: Shares of Icelandair Group hf. (symbol: ICEAIR) receive observation status

Shares issued by Icelandair Group hf. (symbol: ICEAIR) have received an
observation status with reference to an announcement published by Icelandair
Group hf. on March 21st 2019, 22:16:22 CET, which states that Icelandair Group
has started discussions with WOW air hf. regarding Icelandair Group's
involvement in WOW air's operations. 

The decision is based upon article 8.2 in the Rules for Issuers of Financial
Instruments on Nasdaq Iceland hf. The article states that the Exchange may
decide to give a class or classes of financial instruments of the issuer
concerned a temporary observation status if any circumstance exists that
results in substantial uncertainty regarding the issuer or the pricing of the
financial instruments.