NASDAQ Iceland hf.: Observation status removed from shares of Icelandair Group hf. (symbol: ICEAIR)

Observation status has been removed from shares issued by Icelandair Group hf.
(symbol: ICEAIR) with reference to an announcement published by Icelandair
Group hf. on March 24, 2019, 18:33:24 CET, which states that Icelandair Group
has ended discussions with WOW air hf. regarding Icelandair Group's involvement
in WOW air hf.'s operations. Despite the fact that the original conditions of
the observation status were met with Icelandair Group's aforementioned
announcement, it was decided to keep the observation status for a short
additional amount of time due to general uncertainty. 

The decision to give the shares observation status was 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.