FL Group, the international investment company, today announces that it has increased its shareholding in Commerzbank AG and now holds 4.25% of share capital. Before the transaction, the holding was 3.24%. As of 25 September, the total market value of the holding, equals ISK 68.9 billion, approximately EUR 790 million. The interest is held and financed through derivative instruments and available cash. Commerzbank has delivered good results in the first half of the year and expects to meet its financial targets for the full year. The improved return on equity is expected to continue which makes the bank an interesting investment opportunity. Further information: Halldor Kristmannsson Managing Director of Corporate Communication & IR Tel. +354 669 4476 E-mail: halldor@flgroup.is About FL Group FL Group is an international investment company focusing on two areas of investment. The majority of its operations are run through the Private Equity and Strategic Investment division which can take stakes in listed and private companies as well as lead private equity buy-outs. The Capital Markets division is a proprietary trading desk focused on taking short-term positions for profits in primarily equities, bonds and currencies. With head office in Reykjavik and offices in London and Copenhagen, FL Group invests in companies worldwide, with a special focus on Europe. FL Group is listed on the OMX Nordic Exchange in Reykjavik (OMX: FL). At the end of the second quarter 2007, FL Group's total assets amounted to ISK 319.6 billion (EUR 3.8 billion). Its market capitalisation at the end of June 2007 was ISK 234.4 billion (EUR 2.8 billion). The largest shareholders of FL Group are Oddaflug BV (20.8%), owned by Hannes Smarason, CEO; Gnupur fjárfestingafélag hf. (20.5%), Baugur Group (19.6%), Materia Invest and Sólmon (11.9%). The shareholding can in some cases be in the name of Icelandic financial institutions because of forward contracts. More information on www.flgroup.is