[1] Albert Sigurður Guðmundsson replaced Sverrir Hermannsson as Minister of Industry.

Ragnhildur Helgadóttir replaced Matthías Bjarnason as Minister of Health and Social Security.

Sverrir Hermannsson replaced Ragnhildur Helgadóttir as Minister of Education, Science and Culture.

Matthías Árni Mathiesen replaced Geir Hallgrímsson as Minister for Foreign Affairs.

Þorsteinn Pálsson replaced Albert Sigurður Guðmundsson as Minister of Industry.