Føroya Banki P/F - Fyrirtækjafréttir

Føroya Banki receives commitment for individual government backed guarantee

Announcement no. 30/2009

Føroya Banki has concluded an agreement with Finansiel Stabilitet A/S
regarding the conditions for the individual government-backed guarantee for
unsubordinated debt permitted under the Danish Act on Financial Stabil-ity. 

The agreement gives Føroya Banki an option over the next year to
request a three-year government-backed guarantee for unsubordinated debt up to
a maximum of DKK 4.0 billion. 

On 23 June 2009, Moody's announced that bond offerings under the indi-vidual
Danish government-backed guarantee scheme receives an Aaa rat-ing. 

Further information:
Janus Petersen, CEO, phone (+298) 330 340
Johnny í Grótinum, IR, phone (+298) 230 380