Listing of Atlantic Airways' shares on NASDAQ OMX Copenhagen Stock Exchange

Atlantic Airways Stock Exchange Announcement 21/2008

Listing of Atlantic Airways' shares on NASDAQ OMX Copenhagen Stock Exchange

The Board of Directors of Atlantic Airways P/F has decided to seek admission to
list and trade all the shares in Atlantic Airways on NASDAQ OMX Copenhagen
Stock Exchange. The formal application for the listing will be submitted to
NASDAQ OMX Copenhagen Stock Exchange shortly. It is the ambition to be listed
on NASDAQ OMX Copenhagen Stock Exchange before medio November. 

Listing of Atlantic Airways' shares on NASDAQ OMX Copenhagen Stock Exchange
improves the possibility to trade Atlantic Airways P/F shares, especially among
investors in Denmark. 

After this, the Atlantic Airways P/F shares will be listed on both NASDAQ OMX
Iceland and NASDAQ Copenhagen stock exchanges (dual listing). 

Atlantic Airways was established in 1987 and has grown steadily since then.
Operations started cautiously in March 1988, with a single aircraft and just
one route, between the Faroe Islands and Copenhagen. Atlantic Airways has
gradually expanded and established new income streams, ensuring the company a
stable economic base. The main activity consists of scheduled service with 
Faroes as a cornerstone, charter operations in Europe and helicopter operations
in Faroese and North Sea waters. Atlantic Airways currently operates seven jet
aircrafts and four medium size helicopters. 

For further information contact:
Magni Arge, CEO, tel +298 213700 - magni@atlantic.fo
Marius Davidsen, CFO, +298 213703 - marius@atlantic.fo