LONDON, UK and REYKJAVIK, Iceland, January 11 /PRNewswire/ --

An editing mistake by PR Newswire in the press release titled, "Glitnir
Bank Selects Siperian to Provide Unified Customer and Product Views Across
All Lines of Business," distributed January 9, erroneously referred to the
transaction as a merger in the second sentence of the lead paragraph. This is
not the case. The original release correctly stated that Glitnir selected the
Siperian Hub as their MDM product of choice and that Siperian's master data
management platform will be used across lines of business in front and back
office systems.

PR Newswire regrets the error and takes full responsibility for any
confusion it may have caused. Following is the corrected press release in its
entirety:

Glitnir Bank Selects Siperian to Provide Unified Customer and Product
Views Across All Lines of Business

- Siperian MDM Hub to Support the Bank's New Enterprise Architecture
Initiative

Siperian, Inc. -- developers of a leading master data management (MDM)
platform and Glitnir -- a mid-market global corporate and investment bank
with retail and commercial banking services -- today announced that Glitnir
has selected Siperian MDM Hub to create an integrated, unified view of
customers, products and relationships. Siperian's master data management
platform will be used across lines of business and front and back office
systems. Glitnir's approach will consolidate business applications, data
warehouses and master data management into a single, enterprise architecture.

"In order to maintain our position in the global markets, we need to
enhance our understanding of our customer relationships and the financial
products they buy," said Pall Kolka Isberg, Managing Director Shared Services
Office at Glitnir. "The deployment of Siperian MDM Hub will improve our
customer-facing employee's ability to offer clients value added products and
services."

Following several recent mergers and acquisitions in the Nordic region,
Glitnir began overhauling its technology infrastructure to standardise new
and existing systems and deliver unified views of customer and product data.
Siperian MDM Hub will synchronise a variety of systems including accounting,
risk management and customer relationship management to create a single
reference database for master data. As a result, Glitnir will be able to
support strategic initiatives in sales, marketing, risk management and
product development while giving business users access to reliable, complete
views of business data.

"Siperian's flexible architecture allows us to configure the master data
management platform to meet our business requirements," said Isberg.
"Siperian MDM Hub can be deployed in phases so that we can quickly address
our high-priority business needs."

Mid-market corporate and investment banks see a competitive advantage in
leveraging their information assets to create strategic advantages, but often
encounter high costs to consolidate information technology. "With master data
management software, mid-market banks can cost effectively create unified
views of master data to enable critical processes such as cross-selling,
customer on-boarding, enterprise risk management and customer analytics
within a single software platform," said Pall Kolka Isberg.

About Siperian, Inc.

Siperian, Inc. is an innovative provider of a flexible master data
management platform. Siperian helps companies unify their critical data about
customers, products and organisations -- and delivers reliable, complete
views of this data within existing business processes. Siperian MDM Hub
offers the next generation of architectural flexibility for managing all
types of master data with an integrated, model-driven software platform that
adapts to your business requirements -- and delivers rapid return on
investment on critical projects today while evolving to a complete enterprise
master data management platform. Siperian's approach enables rapid
implementation and has earned the company its reputation for leadership and
proven success by meeting the complex requirements of market-leading
companies in financial services, health and life sciences, technology,
manufacturing and information services and media. With corporate headquarters
in San Mateo, California, Siperian has offices throughout the United States
and in Toronto, Canada, and an EMEA office in London. To learn more about
Siperian visit http://www.siperian.com or call +1-866-747-3742.

About Glitnir

The financial group and Corporate and Investment bank Glitnir offers
retail, corporate and investment banking services. Glitnir is a leading
player within Capital Market on OMX in Reykjavik, Stockholm, Helsinki and
Copenhagen, as well as on Oslo Stock Exchange and the Stock Exchange in
Moscow. Glitnir is a leading niche player in three global industry segments:
seafood/food, sustainable energy, and offshore service vessels. Glitnir
operates in Iceland, Norway, Sweden, Denmark, Finland, the U.K., Luxembourg,
Russia, Canada, USA (Glitnir Capital Corporation) and China. Glitnir is
listed on the Icelandic Stock Exchange (GLB).

Siperian and Siperian MDM Hub are trademarks of Siperian, Inc. The names
of actual companies or products mentioned herein may be the trademarks of
their respective owners.

MEDIA CONTACTS:
    Chris McCoin or Richard Smith
    McCoin & Smith Communications LLC
    +1-508-429-5988 (Chris) or +1-978-433-3304 (Rick)
    chris@mccoinsmith.com or rick@mccoinsmith.com

Web site: http://www.siperian.com