Føroya Banki hereby announces that the Global Coordinator, Handelsbanken Capital Markets, has given notice of exercise of the over-allotment option for 600,000 shares, which was granted to Handelsbanken Capital Markets by the Financing Fund of 1992 in connection with the initial public offering of 6,000,000 shares in Føroya Banki. The exercise of the over-allotment option means that a total of 6,600,000 shares, representing 66 per cent of the outstanding shares in Føroya Banki, have been sold in connection with the initial public offering Further information Eyðun á Rógvi, Chairman of the Financing Fund of 1992, mobile (+298) 213 048 *** This announcement does not provide all the information that can be of importance to potential investors. Prior to making a decision to make an investment in shares in Føroya Banki, potential investors should read carefully the entire prospectus including, but not limited to, the section "Risk Factors". The announcement contains forward-looking statements on the future development of Føroya Banki, its financial results and other statements, whish are not historical facts and which can prove to be incorrect. The announcement does not constitute an offer or an invitation to make an investment in Føroya Banki. The release of the prospectus and/or the offering of shares may in some jurisdictions be subject to restrictions and may not be permitted. Persons subject to restrictions, including, inter alia, persons residing in the United States of America, Canada, Australia and Japan, are not authorized to receive the prospectus or to obtain information regarding the offering of shares in Føroya Banki. Potential investors are recommended to examine all relevant risks and legal aspects, including in relation to taxation and currency restrictions that may be of relevance regarding an investment in shares in Føroya Banki.