Additional information reg. the purchase of Glitnir of 68.1% in FIM Group Oy

Reference is made to notification made by Glitnir banki hf., dated 5 February 2007 and 16 March 2007, concerning Glitnir banki hf. purchasing 68.1% of issued shares in FIM Group Oy in Finland in accordance with previously notified terms.

A lock-up arrangement applies to 60% of the Glitnir banki hf. shares in FIM Group Oy that 10 of the 11 of the largest shareholder, receive as payment for their shareholding in FIM Group Oy.  These 10 shareholders hold a total of 36.54% of the total shares in FIM Group Oy.  The lock-up will be released as follows:  5/60th of the shares under the lock-up arrangement shall be released from the lock-up arrangement on each of 31 March, 30 June, 30 September and 31 December until all the shares have been released.  The first release to take place on 30 June 2007 and the last one on 31 march 2010.  

A separate lock-up arrangement applies to 1 of the 11 of the largest shareholders.  This shareholder held 31,57% of the total shares in FIM Group Oy.  This shareholders lock-up applies to all of the Glitnir banki hf. shares this shareholder received and it will be released as follows: the release will be gradual so that beginning of every calendar month commencing on 1 April 2007 1/12 of the shares will be released from the arrangement.  The final release to be on 31 March 2008.

For further information, please contact: 
Bjørn Richard Johansen, Managing Director, Corporate Communications, Glitnir banki hf., mobile +47-47 800 100, e-mail: brj@glitnir.no 
Vala Pálsdóttir, Head of Investor Relations, mobile: +354 844 4989, e-mail: vala.palsdottir@glitnir.is