- Exercise of the over-allotment option


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. 

Attachments

exercise of over-allotment option.pdf