- Preliminary Reults of the Public Tender Offer for all the Shares and Opition Rights of FIM Group Corporation

Not for release, publication or distribution in the United States, Canada,
Japan or Australia. 

The public tender offer by Glitnir Banki hf (Glitnir) for all issued and
outstanding shares and option rights in FIM Group corporation (FIM), commenced
on April 25, has expired on May 16, 2007 pursuant to the terms and conditions
of the offer. 

According to the preliminary result of the tender offer, shareholders holding
12,825,638 shares in FIM and representing approximately 30.05 per cent of the
shares and votes have tendered their shares in the public tender offer.
Glitnir's total holding in FIM would rise approximately to 98.16 per cent of
the shares and votes in FIM when taking into account those shares of FIM
acquired earlier by Glitnir. 

In addition, Glitnir has received acceptances on all of the option rights
subject to the tender offer. 

The final result of the tender offer will be confirmed and announced
approximately on May 21, 2007. 

The tender offer will be executed and the consideration will be paid to all FIM
shareholders accepted the tender offer pursuant to the terms and conditions of
the offer. The trades will be executed by estimation on May 22, 2007 at the
latest and the trades executed will be settled by estimation on May 25, 2007 at
the latest. 

The payment of the offer price of the shares to those who have chosen the cash
consideration will be deposited into the bank account connected to the
book-entry account of the shareholder having accepted the tender offer or, in
the case of shareholders whose holdings are registered in the name of a
nominee, into the bank account specified in the acceptance form on the
settlement date. As regards the option rights, the same settlement date will be
applied and the offer price of the option rights will be deposited on the
settlement date into the bank account specified in the acceptance form by the
tendering holder of the option rights. If the bank account of a tendering
shareholder is with a different banking institution than the book-entry account
of such holder, the receipt of the offer price may be delayed by up to
approximately two Finnish banking days in accordance with the schedule for
payment transactions between Finnish financial institutions. 

The payment of the offer price of the shares to those who have chosen the
combined consideration will be in two separate portions. The cash consideration
portion will be paid as above described. The consideration shares will be
registered in the foreign shares deposit account of the FIM shareholder who
accepted the consideration shares on or about sixth banking day following the
settlement date. The possible portion of the calculated value of combined
consideration corresponding to the fraction exceeding the closest whole number
of consideration shares will be paid to the shareholders in cash in connection
with the allocation of the consideration shares. 

Title to the shares and option rights will pass to Glitnir against payment of
the offer price. 

Glitnir banki hf.
Board of Directors
 
Further information:

Bjorn Richard Johansen, Managing Director, Corporate Communications, Glitnir
banki hf. 
Tel: +47 2282 5693
bjr@glitnir.no

Glitnir banki h.f.
Tel: +354 440 4500


DISTRIBUTION
Helsinki Stock Exchange
Main media
www.fim.com


DISCLAIMER

These materials are not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended. The issuer of the shares has not registered, and does not intend to
register, any portion of the offering in the United States and does not intend
to conduct a public offering of shares in the United States. 

This document may not be published, released or otherwise distributed, full or
partially, to the United States, Canada, Japan or Australia. This document is
not a prospectus and as such does not constitute an offer to sell or the
solicitation of an offer to purchase shares or rights to subscribe for shares. 
Investors should not subscribe for any shares or rights referred to in this
document, or tender any shares, except on the basis of the information
contained in a prospectus or tender offer document. The offer will not be made
in any such country in which either the offer or the participation into it
would be prohibited, or would acquire, in addition to measures under Finnish
law, tender offer's preparing, registration or any other measures. 

Offers will not be made directly or indirectly in any jurisdiction where
prohibited by applicable law and any offer documents and related acceptance
forms will not and may not be distributed, forwarded or transmitted into or
from any jurisdiction where prohibited by applicable law. In particular, the
rights offering and the tender offer will not be made, directly or indirectly,
in or into, or by use of the mails of, or by any means of instrumentality
(including fax, telex, telephone or Internet) of interstate or foreign commerce
of, or any facilities of a national securities exchange of Australia, Hong
Kong, Japan, South-Africa, Canada or the United States. The tender offer is not
acceptable, if one of the before mentioned means are used or if the approval of
the tender offer is executed in the United States, Canada, Japan or Australia.