NASDAQ Iceland hf.: Icelandair Group hf. - New equity rights (warrants) for trading, ICEAIRW120822

With reference to an announcement made public by Icelandair Group hf. (symbol:
ICEAIR) on October 8, 2020, equity rights (warrants) will be admitted to
trading on market segment OMX ICE Equity Rights at Nasdaq Iceland hf. on
October 13, 2020. 

                             
Security name:  ICEAIRW120822
ISIN code:      IS0000032274 
Orderbook ID:   205006       

Terms:   The Warrants grant a right, without obligation, to subscribe for an    
          equal number of new shares in Icelandair Group, i.e. at a conversion  
          ratio of 1:1. The exercise price per share associated with the        
          Warrants will be ISK 1 (one Icelandic Krona) with an addition of 15%  
          annual interest, calculated according to a US 30/360-day count        
          convention. The first interest date is 23 September 2020 and the last 
          interest date for the period is the last day of the subscription      
          period. Expected subscription price is ISK 1,30 per share.1           
Subscri  The Subscription Period of the Warrants will be a ten day period       
ption     immediately following the estimated publishing date, of Icelandair    
 period   Group's quarterly financial statements Q2 2022. Expected subscription 
:         period is 02.08.2022 - 12.08.2022.2                                   
Expecte  29.7.2022  OMX ICE Equity Rights                                       
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1 Subscription price refers to exercise price in the prospectus
2 Subscription period refers to exercise period in the prospectus


For further information see the prospectus and announcements published by the
company.