Merging of Shares from Share Offering in June/July 2007

| Source: Eik Banki Føroya P/F Eik Banki Føroya P/F 

The temporary securities codes (FO0000000096 and FO0000000104) from the share
offering in June/July 2007 will be merged with the securities code for Issued
Shares (FO0005702340) 18 July 2007, see table on next page. 

The capital increase has been registered with the Faroese Company Registration
Authority 16 July 2007.

Attachments

announcement 16-2007 cph.pdf