The Arbitral Tribunal appointed by the Finnish Central Chamber of Commerce has on 9 November 2007 confirmed the redemption price for the shares in Glitnir Corporation (FIM Group Corporation until 11 October 2007), a Finnish subsidiary of Icelandic Glitnir banki h.f. (the “Redeemer”), to be EUR 8.00 per share. The redemption price confirmed by the Arbitral Tribunal is the same as the redemption price offered by the Redeemer in the obligatory purchase offer. The Arbitral Tribunal dismissed minority shareholders' claims concerning their legal costs. The redemption price and interest thereon shall be paid to the former minority shareholders within a month from the date when the Arbitral Award gained legal force, at the latest. According to the Finnish Companies Act, an appeal shall be filed with the District Court no later than 60 days after the registration of the Arbitral Award. Glitnir Oyj Further information: Mari Tyster, Head of Group Legal and Compliance, tel. +358 9 6134 6416 Anssi Partanen, Corporate Communication Manager, tel. +358 9 6134 6429, mob. +358 50 5681952
- Redemption price for the minority shares in Glitnir is EUR 8.00 per share
| Source: Glitnir banki hf.