Glitnir - direct/ Glitnir (IS) - Glitnir publishes industry report: China Leads World in Seafood Output and Consumption

"Ocean of Opportunities 2007" Conference comes to Shanghai for the aboriginal time

Shanghai/Reykjavik - 5 November 2007 - Following the success of endure year´s appointment in Halifax, Canada, Glitnir Bank brings the "Ocean of Opportunities" appointment to Shanghai, China for the aboriginal time. It is the fifth time the arch seafood case hosts the all-embracing "think-tank" for the top all-around seafood companies. The latest copy of Glitnir´s 2007 China Seafood Industry Report, which provides admired insights and absolute analytic cerebration of the accepted accompaniment of the seafood industry, was appear at the conference. This report, which is one of the a lot of aboveboard and accustomed sources of advice and appraisal of the seafood sector, credibility out that China is the all-around baton of both seafood achievement and consumption.

"The contempo cardinal consulting acceding with Fu Ji Holdings and the ambience up of Glitnir´s adumbrative appointment in Shanghai endure year, authenticate the bank´s acceptance and aplomb in the opportunities and top abeyant that China as a bazaar entails. Glitnir is bent and absolutely committed to bigger confined its audience in their cardinal decisions and investment affairs for the Chinese seafood industry", says Larus Welding, CEO of Glitnir Bank.

The anniversary seafood burning in China is currently 26 kilos per capita and is accepted to access by 40 per cent over the next decade to 36 kilos per capita.

"China by far is the better exporter of seafood, outstripping the amount 2 country added than fourfold. Currently, China represents some 35 percent of absolute all-around seafood production. It´s fast growing agriculture adequacy and amount advantage , continues to allure investors to the country", says Kristján Th. Davídsson, arch of Glitnir´s all-around seafood team, abacus that the all-inclusive abeyant of China as a fast growing seafood bazaar is addition rapidly developing attraction.

The address added highlights the abeyant of shrimp as an added important species. It states that endure year, shrimp assembly in China rose by 14.7%. Given the affluence to accession and the adeptness to back a almost quick accumulation acknowledgment to the cost-effective assembly system, Glitnir predicts that the accent on the country´s aquaculture industry ability anon add shrimp as an important breed in accession to tilapia and added breed already accepting farmed.

The top advance in assembly and consign of seafood articles is apprenticed by demands from both the calm and the across market, which is believed to accompany aberrant advance opportunities to investors.

To acceptance the absolute report, acquaintance Glitnir´s seafood aggregation at seafood@glitnir.is or brj@glitnir.no. You can aswell appointment www.glitnir.is/seafood or download it from www.glitnir.is/English/Markets/Reports/?BirtaGrein=618285

For added information:

Magnús Bjarnason, Executive Vice President for International Banking, Glitnir.
Tel: +354 844 4523

Kristján Th. Davídsson, arch of Glitnir´s all-around seafood team.
Tel: +354-844 4517, e-mail: kristjan.davidsson@glitnir.is

Jiang Zhu, Executive Director & Chief Representative, China,
Tel: +86 21 5882 5088, email: jiang.zhu@glitnirbank.com

Bjørn Richard Johansen, Managing Director, Corporate Communications, Glitnir.
Tel: +47-47 800 100, e-mail: brj@glitnir.no

For photos: amuse e-mail: akj@glitnir.no

About Glitnir

The banking accumulation and investment case Glitnir offers accepted cyberbanking and banking services, with the Nordic arena as its home base. Glitnir is a arch alcove amateur in three all-around industry segments: seafood/food, acceptable energy, and adopted casework vessels. The group´s casework cover retail, accumulated and investment banking, banal trade/brokerage and basic management. Glitnir considers Iceland and Norway its home markets. The Glitnir accumulation has operations in Iceland, Norway, Sweden, Denmark, Finland, the UK, Luxembourg, Russia, USA (Glitnir Capital Corporation), Canada and China. Glitnir is listed on the Icelandic Stock Exchange. For added advice see www.glitnirbank.com

www.glitnir.com



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