Change in management structure in Føroya Banki The Board and senior management in Føroya Banki have decided to make some structural adjustments for the purpose of strengthening the structure for the future. Janus Petersen, CEO has overall responsibilities for administration, Markets & Treasury and subsidiaries, while Súni Schwartz Jacobsen, managing director has overall responsibility for the corporate and retail areas. Adjusted managerial team In connection with the appointment of Jean Djurhuus as CEO of the Bank's subsidiary P/F Trygd, a new head of the Credit department has been appointed. Torbjørn Andreasen is appointed as new head of Credit department. Apart from the senior management, the managerial team of Føroya Banki will now be comprised of the following: Ingi Olsen, Head of Corporate Division John Rajani, Head of Corporate Finance Niels A. Joensen, Head of Retail Division Johnny í Grótinum, Head of Markets Bjarki Mohr, Head of Human Resource Torbjørn Andreasen, Head of Credit department Ingi Vestergaard, Head of Business Development Poula Michelsen Kass, Head of Marketing Cecil Weihe, Head of Accounts department Further Information Janus Petersen, CEO of Føroya Banki, (+298) 330 330 Súni Schwartz Jacobsen, Managing Director of Føroya Banki, (+298) 330 330