SOURCE: Glitnir

September 04, 2007 10:36 ET

Last reminder: Press invitation - Glitnir opens office in New York:

REYKJAVIK, ICELAND--(Marketwire - September 4, 2007) -



Press program Wednesday 5 September

Reykjavik/Oslo/Stockholm/Helsinki/Copenhagen/Moscow/New York - 24 August 2007 - In connection with the opening of Glitnir Capital Corporation's office in New York City, representatives of the media are cordially invited to attend Glitnir's first geothermal energy conference, "Steam of Opportunities" and a press breakfast directly preceding the conference, at the New York Palace Hotel on 5 September 2007.

Date: Wednesday, 5 September 2007 Time: 08:00-08:50 (Breakfast is served from 08:00; press briefing starts at 08:00) Place: The New York Palace Hotel, 455 Madison Avenue, New York, NY, www.newyorkpalace.com Room: Garrison Room, 5th floor Register: brj@glitnir.no


At the press breakfast, Glitnir will present the company's plans for Glitnir Capital Corporation's operations in New York and Glitnir's operations out of Halifax, Canada. Glitnir's new research on potential exploitation of geothermal energy in the USA and globally will have particular focus during the presentation. The press breakfast aims at helping the media gain a better understanding of the potential of geothermal energy as an environmentally sound, renewable source of energy.

The financial group Glitnir, with headquarters in Reykjavik, Iceland, and offices and operations in 11 countries, focuses on geothermal energy as one of three global niche segments (seafood/food and offshore supply is the two other global nice segments). Glitnir is one of the leading players in capital market services in Norway, Iceland, Sweden, Finland and Denmark, ranked by volume on OMX and Oslo Stock Exchange. Link: Nordic Economic Outlook. Glitnir aims to develop the "Steam of Opportunities" conference into an annual, global think tank for the geothermal energy field.

The "Steam of Opportunities" conference starts at 9 am. Please find enclosed a detailed program for both events and contact information. Link: Program for the opening event.

I hope you will find our program interesting, and look forward to seeing you at the press breakfast, the first "Steam of Opportunity" conference and the official opening of Glitnir Capital Corporation in New York. To register, please send an e-mail stating your name contact information and which section of the conference you would like to attend to brj@glitnir.no.

Sincerely Yours, Glitnir


Bjørn Richard Johansen, Managing Director Corporate Communication

Agenda, Glitnir events 5 September

Press breakfast

Location: New York Palace Hotel, Garrison Room, 5th floor Time: 08:00 am - 09:05 am Registration: e-mail to brj@glitnir.no



08.00 Breakfast 08.00 Geothermal: Potential for Geothermal Energy in the USA and Globally Presentation of Glitnir's US and global geothermal research By Árni Magnússon, Mananger Director, Glitnir Global Sustainable Energy 08.35 Iceland and Norway - Brief Update on the Two Countries' Economic Status By Ingolfur Bender, Head of Research for Iceland, Glitnir and Elisabeth Holvik, Head of Research, Norsk Privatøkonomi. Also be available for questions and interviews is Thordur Fridjonsson, CEO, Iceland Stock Exchange. 08.50 Q and A 09.05 End, transfer to the "Steam of Opportunities" conference


Glitnir Geothermal Energy Conference "Steam of Opportunities"

Location: New York Palace Hotel, 2nd floor. Time: 09:10 am - 01.00 pm Registration: brj@glitnir.no

Conference Opening Mr. Jonathan Logan, Managing Director, Glitnir Capital Corporation Glitnir in North America Mr. Lárus Welding, CEO Glitnir The Icelandic Experience of using geothermal energy The President of Iceland, Mr. Ólafur Ragnar Grímsson Sustainable development Mr. William McDonough, Founder and Principal of William McDonough and Partners The Challenge of Geothermal Mr. Louis Capuano, CEO ThermaSource Geothermal - an Interesting Investment Opportunity Mr. Ásgeir Margeirsson, CEO, Geysir Green Energy Financial Needs of the Geothermal Sector in the USA Mr. Karl Gawell, President GEA Glitnir's view on the market Mr. Árni Magnússon, Managing Director, Glitnir Global Sustainable Energy Renewable Energy in USA and the Role Geothermal will play Honorable Alexander Karsner, Assistant Secretary of Energy, The United States of America, Summary Mr. Magnus Bjarnason, Executive Vice President, Glitnir


About Glitnir The financial group Glitnir offers universal banking and financial services with the Nordic region as home base. Glitnir is a leading niche player in three global industry segments; seafood/food, sustainable energy, and offshore services vessels. The group's 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. Glitnir Capital Corporation opens a US office in New York on 5 September 2007. Glitnir is listed on the Icelandic Stock Exchange. For more information: www.glitnirbank.com

Press and media service in the USA and Canada

We ask the press and media in the USA and Canada to update the contact file for Glitnir with the following contacts. For more information, please contact me or our press and media contact in the US:

1. Bjørn Richard Johansen, Managing Director, Corporate Communication, Glitnir, e-mail: brj@glitnir.no, cell ph. +47-47 800 100 2. Jonathan Zaback, Manager, U.S. Media Practice, Burson-Marsteller - New York, office: 212-614 4429, Blackberry: 917-293 5047 and e-mail: jonathan.zaback@bm.com 3. For macro and research on OMX or Oslo Stock Exchange listed companies: Almar Gudmundsson, Head of Nordic Research in Glitnir, cell ph. +354 844 4944, e-mail: almar.gudmundsson@glitnir.is 4. For macro on Iceland: Ingólfur Bender, Head of Research, Iceland in Glitnir, cell ph. +354-844-4635, e-mail: ingolfur.bender@glitnir.is 5. For macro on Norway: Elisabeth Holvik, Head of Research in Norsk Privatøkonomi, Oslo, Norway, (Norsk Privatøkonomi ASA is partly owned by Glitnir), e-mail: elisabeth.holvik@norskprivatokonomi.no and mobile +47-951 26 461. 6. Macro on Finland: Jarkko Soikkeli, Economist in FIM, (Glitnir subsidiary), mobile: +358 50 413 2824, e-mail: jarkko.soikkeli@fim.com 7. Macro on Sweden: Richard Askehed, Senior Financial Analyst, Glitnir AB in Stockholm, Sweden, mobile: +46-73-659-7388, e-mail: richard.askehed@glitnir.se, 8. Macro on Russia: Jarkko Soikkeli, Economist in FIM, (Glitnir subsidiary), mobile: +358 50 413 2824, e-mail: jarkko.soikkeli@fim.com





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