Pekka Väisänen appointed CEO of FIM Group Corporation effective after delisting

Pekka Väisänen, M.Sc. (Politics) has been appointed CEO of FIM Group Corporation and Country Manager of Glitnir in Finland, effective after FIM has been delisted from OMX. FIM expects delisting to take place in early fall. Mr. Väisänen will also resume his current post heading FIM Brokerage.

Pekka Väisänen has been working for FIM since 2001. Before heading FIM Brokerage he worked as Group Development Director. He has also held several managerial and executive positions within the financial services industry.

Risto Perttunen, the present CEO of FIM Group Corporation will step down after successfully launching FIMs IPO and leading the company through the acquisition and the alignment integration with the leading financial group Glitnir. FIM has been part of Glitnir since March 2007.

Frank Ove Reite, Chairman of the Board, FIM Group:
“FIM succeeded well in the first half of this year. I wish to thank Risto for his good work in guiding FIM profitably through the turbulent markets and corporate restructurings. During the last years FIM has grown rapidly in Finland and abroad, and we expect this process to continue as part of Glitnir. I am very satisfied that Pekka has accepted to lead the company into the next stage of its development. As a Country Manager, Pekka will help the Executive Vice Presidents responsible for Glitnir’s various business lines to develop their businesses in Finland”, Reite says.

Pekka Väisänen, CEO of FIM Group and Country Manager of Glitnir in Finland, effective after delisting of FIM:
“I am looking forward to build the company further as part of Glitnir. This brings us synergies and new opportunities in all our business lines. Our goal is to help our clients realise all the benefits that will materialise in the combined operations”, Väisänen says.

Risto Perttunen, CEO, FIM Group:
”My time with FIM has been exceptionally interesting, and after successful listing and internationalisation of FIM the company is now in a phase where I can safely step down and pursue other goals. I have been especially impressed with FIMs positive working culture and professional personnel, which have also greatly benefited our customers. I wish Pekka best of luck in his new role”, Perttunen says.

FIM Group Corporation

For additional information,
please contact:

Frank Ove Reite, Chairman of the Board, tel +47 22 82 56 92
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
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 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

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 Iceland and Norway its home markets. 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