- THE RIGHT AND OBLIGATION TO REDEEM THE SHARES IN FIM GROUP CORPORATION

Reykjavík/Helsinki 25 May 2007: In accordance with Chapter 18, Section 2 of the
Finnish Companies Act, Glitnir banki hf. has today given a notification to FIM
Group Corporation according to which Glitnir's holding in FIM has exceeded nine
tenths (9/10) of the shares and votes in FIM. 

Glitnir's current holding in FIM is 42,176,109 shares corresponding to
approximately 98.81 per cent of the shares and votes in FIM. 

In accordance with Chapter 18, Section 1 of the Finnish Companies Act Glitnir
has the right to redeem the shares of the other shareholders in FIM. The
possible redemption claim initiated by Glitnir concerns all shares issued by
FIM and held by other shareholders. 


FIM Group Corporation

Further information:

Bjorn Richard Johansen, Managing Director, Corporate Communications, tel: +47
47 800 100 or e-mail: bjr@glitnir.no. 

Vala Pálsdóttir, Head of Investor Relations, tel. 354-440-4989 or e-mail:
vala.palsdottir@glitnir.is. 

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This document may not be published, released or otherwise distributed, full or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. 


FIM is a growing investment services group that offers asset management,
brokerage and investment banking services for private individuals and
organizations. Since March 2007 FIM is part of Icelandic financial group
Glitnir (www.glitnirbank.com). In addition to the head office in Helsinki, FIM
has regional offices in Espoo, Jyväskylä, Kuopio, Lahti, Oulu, Riihimäki,
Tampere, Turku and Vaasa. FIM also operates in Stockholm and Moscow. The
company had net sales in 2006 of EUR 82.0 million, and it posted operating
profit of EUR 19.1 million. FIM had a payroll of 284 employees at the end of
2006. www.fim.com