ARBITRATOR APPOINTED IN THE REDEMPTION PROCEEDINGS REGARDING THE SHARES IN FIM GROUP CORPORATION

FIM GROUP CORPORATION STOCK EXCHANGE RELEASE 28 JUNE 2007

ARBITRATOR APPOINTED IN THE REDEMPTION PROCEEDINGS REGARDING THE SHARES IN FIM GROUP CORPORATION

The Redemption Board of the Finnish Central Chamber of Commerce has on 27 June 2007 appointed an arbitrator to decide upon the price and the redemption right to the FIM shares that are not owned by Glitnir banki hf. The Arbitral Tribunal consists of Professor Seppo Villa.

Glitnir banki hf. has on 25 May 2007 given a notification according to which Glitnir’s holding of the shares and votes in FIM has exceeded 98 per cent and that Glitnir has a right according to Chapter 18, Section 1 of the Finnish Companies Act to redeem all shares from the minority shareholders in FIM. The redemption price offered by Glitnir is € 8.00.


FIM Group Corporation

For additional information, please contact

Risto Perttunen, CEO, tel. +358 9 6134 6303

Timo T. Laitinen, CFO, tel. +358 9 6134 6525


Distribution:
Helsinki Stock Exchange
Main media
www.fim.com


FIM is a growing investment services group that offers asset management, brokerage and investment banking services for private individuals and organizations. Since March 2007 FIM is part of Icelandic financial group Glitnir (www.glitnirbank.com). In addition to the head office in Helsinki, FIM has regional offices in Espoo, Jyväskylä, Kuopio, Lahti, Oulu, Riihimäki, Tampere, Turku and Vaasa. FIM also operates in Stockholm and Moscow. The company had net sales in 2006 of EUR 82.0 million, and it posted operating profit of EUR 19.1 million. FIM had a payroll of 284 employees at the end of 2006. www.fim.com