Føroya Banki P/F - Fyrirtækjafréttir

Legal filing regarding the annual general meeting

Announcement 1/2010

Further to the announcement no. 16/2009 of 7 July 2009, Føroya Banki shall
hereby notify that the legal proceedings filed by certain shareholders
regarding the lawfulness of the election of the Board of Directors at the
ordinary general meeting 30 March 2009 has now been withdrawn by the claimants.
Accordingly, the case is now considered closed. 

P/F Føroya Banki

Further information: 
Mr. Janus Petersen, CEO. Tel: +298 330 340