Banki's ("Glitnir") ratings at Issuer Default 'A', Short-term 'F1', Individual 'B/C' and Support '2'. The Outlook on the Issuer Default rating is Stable. The affirmation of Glitnir's ratings follows its announcement to acquire Finland's investment company FIM Group Corporation, active in asset management, brokerage and investment banking. The transaction is subject to approval by the Finnish and Icelandic Financial Supervisory Authorities and competition authorities and is expected to be completed by spring 2007. Fitch ratings is attached.
