FIM WILL ESTABLISH ASSET MANAGEMENT COMPANY IN RUSSIA

FIM Group Corporation Stock Exchange Release 3 May 2006 at 5.15 p.m. Finnish time FIM WILL ESTABLISH ASSET MANAGEMENT COMPANY IN RUSSIA In line with its plans, FIM Group Corporation has decided to establish a subsidiary engaging in asset management and mutual fund operations in Russia. FIM Group Corporation shall own 100% of the company to be established. The share capital of the company shall be 30 million rubles, or approximately one million euro. The company shall engage in asset management and management and marketing of mutual funds registered in Russia. The management of the company to be established has not yet been appointed. Measures to establish the company shall be taken immediately and operating licenses required under Russian legislation shall be applied for once the company has been judicially established. The company expects to receive the licenses during 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 About FIM Established in 1987, FIM is a Finnish investment services group that offers asset management, brokerage and investment banking services for private persons and organizations. In addition to the head office, which is located in Helsinki, FIM has regional offices in Espoo, Jyväskylä, Kuopio, Lahti, Oulu, Tampere, Turku, Vaasa and, as of May 2006, in Riihimäki. FIM also operates in Stockholm and Moscow. The company's net sales in 2005 were 63.2 million euros and operating profit 19.1 million euros. FIM employs approximately 260 persons. www.fim.com.