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  • FIM GROUP CORPORATION’S IPO WAS 8.5 TIMES SUBSCRIBED, OFFER PRICE EUR 5.75

FIM GROUP CORPORATION’S IPO WAS 8.5 TIMES SUBSCRIBED, OFFER PRICE EUR 5.75

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FIM Group Corporation - STOCK EXCHANGE RELEASE 12 April 2006 AT 10.45 FINNISH TIME FIM GROUP CORPORATION’S IPO WAS 8.5 TIMES SUBSCRIBED, OFFER PRICE SET AT THE TOP OF THE PRICE RANGE AT EUR 5.75 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA Professional investors were attracted by the IPO of FIM Group Corporation. The IPO of FIM Group Corporation was 8.5 times subscribed, particularly by foreign institutional investors. The Board of Directors of FIM Group Corporation and the shareholders of FIM have decided today that a total of 9,700,000 shares of the company are sold in the combined share issue and share sale, of which 3,600,000 shares are new shares issued by the company. The offer price has been set at EUR 5.75 per share. The shares allocated in the offering represent in total approximately 26.8 per cent of the total number of shares in the company after the offering and approximately 22.7 per cent of the total number of shares of the company following the reorganization of the group legal structure. The net proceeds to the company from the new shares subscribed for in the share issue will be approximately EUR 19 million after the fees and commissions payable to managers and advisors. It has been decided that 8,250,000 shares are sold to institutional investors and 1,450,000 shares to retail investors. Following the offering, the company will have approximately 1,900 shareholders. In the institutional offering, subscription and purchase bids were submitted at the offer price for 80,481,238 shares, which exceeds the number of shares offered in the institutional offering by 73,381,238 shares. The institutional offering was approximately 11.3 times subscribed at the offer price. 1,450,000 shares were allocated in the retail offering to 1,684 investors. 1,150,000 shares of the 2,600,000 shares offered in the retail offering were allocated to institutional investors. In the retail offering, subscription and purchase commitments will be fully accepted up to 300 shares. For subscription and purchase commitments exceeding 300 shares, investors in the retail offering will be additionally allocated approximately 77.9 percent of the amount exceeding 300 shares. Allocations exceeding 300 shares will be rounded to the nearest round lot. The lot size is 100 shares. Participants in the retail offering will be sent confirmation letters of accepted subscriptions on or about 12 April 2006. The part of the remitted payment exceeding the final subscription and selling price of the shares will be refunded to the bank accounts of subscribers in the retail offering on or about 19 April 2006. Trading in the company’s shares on the prelist of the Helsinki Stock Exchange will commence on 13 April 2006 and on the main list on or about 21 April 2006. FIM Group Corporation Jan Forsbom CEO For additional information, please contact: Jan Forsbom, CEO, tel. +358 9 6134 6205 Distribution: Helsinki Stock Exchange The main media The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan or Australia. The materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of shares in the United States. An offering circular prepared pursuant to applicable legislation governing the public offering of securities in Finland will be published in Finland and which, when published, can be obtained from the managers of the offering or from the company. Any offer of securities to the public that may be deemed to be made pursuant to this communication in any member state of the European Economic Area that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any member state, the "Prospectus Directive") is only addressed to qualified investors in that member state within the meaning of the Prospectus Directive. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. This document does not constitute an offer of securities to the public in the United Kingdom. No prospectus has been or will be registered in the United Kingdom in respect of the securities, consequently the securities must not be sold or offered for sale in the United Kingdom, except to persons who are "qualified investors" (acting as principal), as such term is defined in Section 86 of the Financial Services and Markets Act 2000.