THE INITIAL PUBLIC OFFERING OF FIM GROUP CORPORATION COMMENCES ON 3 APRIL 2006

THE INITIAL PUBLIC OFFERING OF FIM GROUP CORPORATION COMMENCES ON 3 APRIL 2006 FIM Group Corporation - STOCK EXCHANGE RELEASE 31 March 2006 AT [18.30] FINNISH TIME NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA The Board of Directors of FIM Group Corporation (the "Company") and the shareholders of FIM ("the Selling Shareholders") have today 31 March 2006 decided to offer 9,700,000 shares ("Share") in FIM Group Corporation in a share offer and share sale beginning 3 April 2006 to institutional investors in Finland and internationally excluding the United States (the "Institutional Offering") and to retail investors in Finland (the "Retail Offering", and together with the Institutional Offering, the "Offering"). The Company will submit an application on or about 3 April 2006 with the Helsinki Stock Exchange regarding the listing of the Shares in the Company on the pre-list of the Helsinki Stock Exchange on or about 13 April 2006 and on the main list on or about 21 April 2006. The subscription and selling period of the Offering will commence on 3 April 2006 at 9.00 a.m. The subscription and selling period of the Offering will expire at the latest on 11 April 2006 at 2.00 p.m. as regards to the Retail Offering and at the latest on 11 April 2006 at 4.00 p.m. as regards to the Institutional Offering. The preliminary subscription and selling price is EUR 5.20 to EUR 5.75 per Share. The Board of Directors of FIM Group Corporation and the Selling Shareholders will make the decision on completion of the Offering, the number of Shares to be offered for subscription and purchase, the final subscription and selling price and other conditions after the expiration of the Institutional Offering on or about 12 April 2006. Prior to the Offering, the share capital of FIM Group Corporation consists of 30,342,000 Shares and, taking into account the Reorganization (see Appendix 3) of the subsidiaries’ minority shareholdings, of 39,083,690 Shares. In the Offering, up to 9,700,000 Shares will be offered, of which the Selling Shareholders offer for purchase the aggregate number of up to 6,100,000 Shares and the Company offers for subscription in total up to 3,600,000 new Shares. The Institutional Offering preliminarily comprises 7,100,000 Shares and the Retail Offering 2,600,000 Shares. This allocation of Shares can be altered, among other things, based on demand between the Institutional Offering and the Retail Offering. However, the minimum number of Shares offered in the Retail Offering is 1,450,000 Shares. The primary objective of the Offering is to strengthen the capital base of the Company and facilitate the expansion of its operations particularly in Russia. Several international counterparties and partners, including global investment banks, asset managers and hedge funds as well as foreign trading and settlement counterparties, set capital requirements and require certain level of solvency from their counterparties. To strengthen its competitive position, FIM aspires to respond to such requirements. FIM Group Corporation expects to use approximately two-thirds of the net proceeds from issuance of new shares to strengthen the capital base of the Company. Approximately one-third of the net proceeds are expected to be used for other purposes as well as for general corporate purposes. Carnegie Investment Bank AB is the sole bookrunner of the Offering and the lead manager of the Institutional Offering. FIM Corporate Finance Ltd is co-lead manager of the Institutional Offering and the lead manager of the Retail Offering. FIM is a well-established integrated investment firm in Finland with a strong brand and competitive position as an active asset manager, broker and investment banking services provider. FIM also has brokerage and corporate finance operations in Russia and an asset management branch office in Sweden. In 2005, the total income of the Company was EUR 63.2 million and the operating profit was EUR 19.1 million. FIM had 215 employees as of 31 December 2005. Appendix 1 contains a short description of FIM Group Corporation, Appendix 2 contains selected financial information and key figures of the Company and Appendix 3 certain unaudited pro forma- financial information of the Company. FIM Group Corporation Jan Forsbom CEO Press conference FIM Group Corporation will hold a press conference on Monday 3 April at 10.30 at Company's premises at Pohjoisesplanadi 33 A. For additional information, please contact FIM Group Corporation, Jan Forsbom, CEO, tel. +358 9 6134 6205 In addition, for further information on the listing, please contact Carnegie, Ari Bergman, Head of Investment Banking, Finland tel. +358 9 6187 1517 Carnegie, Minna Karttunen, Manager tel. +358 9 6187 1505 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.