Føroya Landsstýri - Fyrirtækjafréttir

Cancellation of notes

Føroya Landsstýri DKK 2.00 per cent notes due 11 June 2012 (ISIN DK0030172812)
(the “Notes”). 

Tórshavn, Faroe Islands, 2011-12-20 14:18 CET (GLOBE NEWSWIRE) -- 

Landsbanki Føroya shall hereby on behalf of Føroya Landsstýri inform that Notes
with a total nominal amount of DKK 70,000,000 have been bought back form
investors and hereafter cancelled on 21 December 2011. 

The total outstanding nominal amount of the Notes is hereafter DKK
1,155,000,000. 



For further information please contact Managing Director, Sigurd Poulsen or
Deputy Director, Jens Erik Magnussen, telephone +298 350 300