Company Announcement no. 2 / 2009 In October 2008 Føroya Banki decided to participate in a two-year guarantee scheme for all deposits with and unsecured claims against all banks under the supervision of the Danish FSA. The cost of this scheme for Føroya Banki was estimated to DKK 30m in 2009 and DKK 30m in 2010. The cost incurred can be paid in cash or own shares of an equivalent amount. The Board of Directors of Føroya Banki has decided, going forward, to pay the cost in own shares. For this purpose Føroya Banki will buy own shares in the market. For further Information Janus Petersen, CEO, Føroya Banki, (+298) 330 330 Súni Schwartz Jacobsen, Managing Director, Føroya Banki, (+298) 330 330 WWW.FOROYA.FO