Føroya Landsstýri - Selskabsmeddelelse

Cancellation of notes

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

Landsbanki Føroya shall hereby on behalf of Føroya Landsstýri inform that Notes
with a total nominal amount of DKK 675,000,000 have been bought back from
investors and hereafter cancelled on 22 June 2011. 

The total outstanding nominal amount of the Notes is hereafter DKK
1,225,000,000. 

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