- Glitnir banki holds 100% of FIM


In relation to the redemption proceedings concerning the minority shares in FIM
Group Corporation (FIM), Glitnir banki hf (Glitnir) has today deposited the
required security and has thereby obtained the title to the entire FIM stock of
shares, as provided under Chapter 18, Section 6 of the Finnish Companies Act.
After the depositing of the security, the FIM minority shareholders who are
parties to the redemption process are only entitled to receive the redemption
price and the interest payable on it. 

On the request of FIM, the Helsinki Stock Exchange has decided that the FIM
shares will be delisted from the Helsinki Stock Exchange Main List once the
title to all FIM shares has been transferred to Glitnir. Thus, the quoting of
the FIM shares on the Helsinki Stock Exchange will cease today in accordance
with a separate release of Helsinki Stock Exchange. 

Subsequent to delisting Pekka Väisänen, will become CEO of FIM and Country
Manager of Glitnir in Finland, effective after delisting of FIM, tel. +358 9
6134 6343 

For more information contact: 

Kristinn Arnar Stefánsson,  Group Compliance Officer, +354 8444840, or email
kristinn.arnarstefansson@glitnir.is
GlobeNewswire