GLITNIR ACQUIRES MAJORITY IN THE LISTED FIM GROUP IN FINLAND

FIM Group Corporation Press Release 5 February, 2007 at 9.05 a.m Finnish timeGLITNIR ACQUIRES MAJORITY IN THE LISTED FIM GROUP IN FINLANDFIM’s strong position in asset management will benefit Glitnir’s growth strategyNot for distribution in the United StatesHelsinki, Reykjavik, Oslo - 5 February 2007 - Glitnir banki hf. today announced its intention to make a public tender offer for the shares in FIM Group Corporation in Finland. Glitnir has received an undertaking from the 11 major owners of FIM, who currently hold 68.1 percent of FIM, to sell their shares to Glitnir. Glitnir has