FIM’S THIRD QUARTER FELL SHORT OF EXPECTATIONS – OUTLOOK POSITIVE FOR THE REST OF 2006

FIM Group Corporation STOCK EXCHANGE RELEASE November 14, 2006 at 8.00 a.m.

FIM’S THIRD QUARTER FELL SHORT OF EXPECTATIONS – OUTLOOK POSITIVE FOR THE REST OF 2006

Summary

- Total income from investment services in January-September grew markedly compared with last year, especially thanks to the good market situation in the first part of the year
- Slower-than-expected trading activity was clearly reflected in both total income and profitability in the third quarter. During the current quarter transaction based fees and commissions have recovered to normal level
- About EUR 0,9 million of non-recurring expenses were booked to the third quarter
- Strong investments to spur growth have burdened operating profit
- The growth in full-year income is expected to exceed the long-term target of 20 %
- Operating profit for 2006 is expected to improve on the previous year.
- FIM is considering to apply for a banking license as part of expanding offering in Finland

CEO Risto Perttunen:

"The first part of the year was very strong in all the Group’s businesses. The steep decline in equity markets in the second quarter in the emerging markets and in the Nordic countries that are important to FIM led to a slowdown in trade volume, which impacted third-quarter total income and profitability. The company has also continued to make strong investments into selected growth areas. Due to these factors, third-quarter earnings fell short of our expectations. After the quiet summer, business environment has turned positive again. FIM’s transaction based fees and commissions have recovered to normal level during the current quarter and the operating profit in the last quarter is expected to be clearly better than in the third quarter. Operating profit for 2006 is expected to improve on the previous year.

FIM’s vision is to become one of the leading Finnish integrated investment service companies and we intend to devote efforts on developing our businesses in the selected growth areas. Three priority areas have been chosen as the cornerstones of the Group’s growth-oriented business strategy: the expansion of service offerings in Finland, in connection with which FIM is studying the possibility of applying for a banking license; the expansion of operations in Russia as well as sales of selected investment service products to an international clientele."

The full report including tables can be downloaded from the enclosed link.

For additional information, contact:

CEO Risto Perttunen, tel. +358 9 6134 6303
CFO Niklas Geust, tel. +358 9 6134 6210

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Press conference

A press conference on the Interim Report will be held in Finnish on Tuesday, November 14, at 10.30 a.m. at the head office of FIM Group Corporation at the address Pohjoisesplanadi 33 A, 00100 Helsinki.

Telephone conference and webcast

A telephone conference on the Interim Report will be arranged for analysts and investors in English on Tuesday, November 14 at 2.00 p.m. To participate in the telephone conference, call the number +358 20 699 121 five to ten minutes before the start of the conference.

The telephone conference can be viewed in real time on the Internet at the address www.fim.com/conference.

Slides presenting the main points of the Interim Report can be downloaded from FIM’s Investor Relations website at the address www.fim.com/english/ir beginning at 10.30 a.m.


Best regards


Sanna Päiväniemi
Manager, Investor Relations

FIM Group Corporation
Pohjoisesplanadi 33 A
00100 Helsinki

Tel: +358 9 6134 6493
Gsm: +358 40 830 7071

sanna.paivaniemi@fim.com

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