SOURCE: Glitnir

October 11, 2007 09:19 ET

Glitnir Number One Broker on OMX Nordic Exchange in September

REYKJAVIK, ICELAND--(Marketwire - October 11, 2007) - Glitnir handled 6.56% of the turnover on OMX Nordic Exchange in September. This gave the banking group the top position in terms of total market share for the first time. Based on year-to-date turnover, Glitnir is the second largest broker on OMX with a market share of 6.25%.

The top five brokers by turnover on the Nordic Exchange in September were:

Rank    Member                     %
1       Glitnir                  6.56
2       SEB Enskilda             6.21
3       Svenska Handelsbanken    4.92
4       Morgan Stanley           4.73
5       Goldman Sachs            4.10

"Building up our brokerage operations has been a key focus in the past few years. Strength in our brokerage operation is crucial to offering our clients a full range of (international) services. It is satisfying to see our strategy starting to have an effect. We are also pleased to be involved in bringing more international investors to the Nordic markets through our activity on the Nordic Exchanges," says Lárus Welding, CEO of Glitnir Group.

"In Sweden we see our trading operations, originally built up under the name of Fischer Partners, reach its true potential under the Glitnir flag," says Anders Holmgren, Managing Director of Glitnir AB.

"Our Nordic expansion has further strengthened our position on the Icelandic Stock exchange, where we were also number one in September," says Jóhannes Baldursson, Managing Director of Glitnir Capital Markets in Iceland.

"Through Glitnir, we have the opportunity to provide clients with a true Nordic network of brokerage and analysis services which completes our strong FIM heritage in investment management and local brokerage," says Pekka Väisänen, Managing Director of newly rebranded Glitnir Bank Ltd (Finland).

"With our strong Nordic operations we are well positioned to attract investors from all over the world to Norway, Glitnir's second home market," says Karl-Otto Eidem, Managing Director of Glitnir Securities

The Glitnir group is a member of all five Nordic exchanges and the Russian RTS and MICEX, and provides equity research for 260 companies in the Nordic countries and in Russia.

Glitnir Market Share of Turnover (position)

                                  September       YTD
OMX                               6.56% (1)    6.25% (2)
Combined Nordics (OMX + Oslo)*    6.39% (2)    6.23% (2)
Stockholm (OMX)                   5.59% (3)    6.15% (3)
Copenhagen (OMX)                  3.46% (6)    3.42% (8)
Helsinki (OMX)                    5.35% (4)    5.81% (2)
Reykjavik (OMX)                  48.65% (1)   24.25% (3)
(Oslo - not included in OMX)      5.83% (5)    5.90% (6)


*Equity turnover

About Glitnir

The financial group Glitnir offers universal banking and financial services. Glitnir is a leading niche player in three global industry segments; seafood/food, sustainable energy, and offshore services vessels. Services include retail, corporate and investment banking, stock trade/brokerage and capital management. Glitnir considers Iceland and Norway its home markets. The Glitnir group has operations in Iceland, Norway, Sweden, Denmark, Finland, the UK, Luxembourg, Russia, Canada and China and the US (Glitnir Capital Corporation). Glitnir is listed on the Icelandic Stock Exchange. For more information: www.glitnirbank.com

Press release (PDF)

http://hugin.info/133924/R/1159388/224606.pdf

http://www.glitnir.com

Contact Information