GLITNIR BANKI HOLDS 100% OF FIM

FIM GROUP CORPORATION Stock Exchange Release 17 August 2007

GLITNIR BANKI HOLDS 100% OF FIM

In relation to the redemption proceedings concerning the minority shares in FIM Group Corporation (FIM), Glitnir banki hf (Glitnir) has today deposited the required security and has thereby obtained the title to the entire FIM stock of shares, as provided under Chapter 18, Section 6 of the Finnish Companies Act. After the depositing of the security, the FIM minority shareholders who are parties to the redemption process are only entitled to receive the redemption price and the interest payable on it.

On the request of FIM, the Helsinki Stock Exchange has decided that the FIM shares will be delisted from the Helsinki Stock Exchange Main List once the title to all FIM shares has been transferred to Glitnir. Thus, the quoting of the FIM shares on the Helsinki Stock Exchange will cease today in accordance with a separate release of Helsinki Stock Exchange.

FIM GROUP CORPORATION


Pekka Väisänen, CEO and Country Manager of Glitnir in Finland, effective after delisting of FIM, tel. +358 9 6134 6343

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

Mari Tyster, Head of Group Legal and Compliance, tel. +358 9 6134 6416

Anssi Partanen, Corporate Communication Manager, tel +358 9 6134 6429

Distribution:
Helsinki Stock Exchange
The 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 Nordic 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

The financial group Glitnir offers universal banking and financial services. Glitnir is a leading niche player in three global industry segments; seafood/food, sustainable energy, and offshore services vessels. Services include retail, corporate and investment banking, stock trade/brokerage and capital management. Glitnir considers Northern Europe its home market. The Glitnir group has operations in Iceland, Norway, Sweden, Denmark, Finland, the UK, Luxembourg, Russia, Canada and China and plans to open a US office in New York in the fall of 2007. Glitnir is listed on the Icelandic Stock Exchange. For more information: www.glitnirbank.com