Eik Banki, preliminary announcement regarding initial public offering, expected listing on 11 July 2007

Eik Banki P/F - preliminary announcement regarding initial public offering 

On 11 June 2007 the Board of Directors of Eik Banki P/F made the resolution to
make a rights issue of minimum 782,609 and maximum 1,016,160 of DKK 100. The
company has obtained guarantee for the subscription of at least 782,609 shares
by Eik Grunnurin. The existing shareholders of Eik Banki have the right to
subscribe one new share of DKK 100 for each 7 shares of DKK 100. The
subscribtion price is fixed at DKK 575. The offering period commences on and
includes 21 June 2007 and closes on and includes 5 July 2007 at 5.00 pm
(Faroese time) (corresponding to 6.00 pm CET and 4.00 pm Icelandic time).
Trading of rights will be traded on an Over-The-Counter basis. 

If the rights issue is not fully subscribed, new shares up to nom. value of DKK
101,616,000 will be offered to other investors. 

Announcement of allocation will be published no later than 10 July 2007 at
11.00 am Faroese time (corresponding to 12.00 am CET and 10.00 am Icelandic
time) 

Eik Banki has applied for listing on ICEX and Copenhagen Stock Exchange with
effect from 11 July 2007. The trading of the shares will start at 10.00 am
Icelandic time, corresponding to 12.00 am CET. Only the existing share capital
for Eik Banki (7,113,114 shares of DKK 100) will be listed in the ISIN code
FO0005702340. 

The expected listing will take place in the ISIN code below: 

ISIN	         Name in the Official List	Orderbook ID
FO0005702340	Eik Banki	                  41194

The company's GICS Classification is 40101015.

Sector classification:
40 Financials
40 10 Banks
40 10 10 Commercial Banks
40 10 10 15 Regional Banks


In the Nordic List, Eik Banki will be included in the MidCap+segment.

The new snares issued due to the rights issue will be listed on ICEX and
Copenhagen Stock Ex-change when the Faroese authority has registered the new
shares. 

For further information, please see the prospectus published by Eik Banki.

For further information, please contact: Asta Jepsen, Surveillance, tel. +45 33
93 33 66