Icelandic Group Appoints Managing Director of Corporate Development

REYKJAVÍK, Iceland, December 17, 2012 /PRNewswire/ –

Jon Gardar Gudmundsson Rejoins Icelandic Group to Strenghten Position in

International Seafood Markets

Icelandic Group, the leading international seafood company of Iceland, announced today
that Jon Gardar Gudmundsson has been appointed Managing Director of Corporate Development.
The appointment marks the return of Jon Gardar to Icelandic Group, having served as CFO of
subsidiary Icelandic Iberica in Spain from 1999 to 2003. Mr. Gudmundsson has an
accomplished work history of providing advisory services to international seafood
organisations, most recently as Managing Director of Glacier Securities LLC. Prior to his
time at Glacier Securities, Jon Gardar held the post of Managing Director for Glitnir Bank
where he led numerous projects with major companies in the seafood industries in the
Americas, Asia and Europe.

(Photo:
http://photos.prnewswire.com/prnh/20121217/582878 )

“Jon Gardar has a proven track record in the global seafood industry as an advisor to
harvesting, aquaculture, and distribution companies,” said Magnus Bjarnason, CEO of
Icelandic Group. “His significant expertise and success in this field will help Icelandic
Group maximize its impact.”

Since 2008 Jon Gardar Gudmundsson has been the Managing Director and Senior Advisor at
Glacier Securities LLC New York based corporate finance advisory with a focus on the
fisheries and acquaculture industries. From 2003 to 2008 Jon Gardar worked at Glitnir Bank
including his position as Managing Director within International Banking where he led
multiple seafood projects, most notably the listing of Peruvian company Copeinca on the
Oslo Stock Exchange, loans to EuroPacifico in Spain, financing AquaChile’s acquisition of
Aguas Claras, and the sale of Good Harbor Fillets to American Seafoods. Mr. Guethmundsson
has an undergraduate degree in business administration from the University of Iceland and
an MBA from IESE Business School in Barcelona. He is fluent in both Spanish and English.

Icelandic Group Icelandic Group is an international corporation with a history of more
than 70 years in Icelandic fisheries. The company produces and sells fresh, chilled and
frozen marine products around the world. Icelandic Group operates in the retail market as
well as the catering and restaurant market. In recent years product development has been
extended into more complex and value-adding seafood meals for the retail market.

Photo shows Jon Gardar Gudmundsson, courtesy of Icelandic Group.

http://www.icelandic.is

    Photo: 

http://photos.prnewswire.com/prnh/20121217/582878

SOURCE Icelandic Group