Glitnir banki hf. acquires shares in FPI Limited

    REYKJAVIK, Iceland, Nov. 1 /CNW/ - Glitnir banki hf. ("Glitnir")
announced that on October 30, 2007 it acquired 2,013,500 common shares
("Shares") of FPI Limited ("FPI") representing approximately 14.97% of FPI's
total outstanding Shares. Glitnir did not previously hold any Shares. These
Shares were acquired through the facilities of The Toronto Stock Exchange.
    Glitnir has purchased the Shares for investment purposes and may buy
additional Shares or may sell some or all those Shares based on a number of
factors, including general market and economic conditions and other investment
and business opportunities available to it.

For further information:

For further information: Arni Hrafn Gunnarsson, Kirkjusandur 2, IS-155
Reykjavik, Iceland, +354 440 4531

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