Føroya Banki P/F - Company Announcement

Market Making in Føroya Banki shares

Announcement no. 6/2010

Today, Føroya Banki signed a market-making agreement with Danske Bank.

Danske Bank will, for its own account, act as market maker for Føroya Banki's
shares on the NASDAQ OMX Exchange in Copenhagen, as specified in a
market-making agreement. Danske Bank will submit daily bid/ask offers valid
within the day for Føroya Banki shares before the market opens. 

The purpose of this agreement is to improve liquidity in the Company's shares
on the NASDAQ OMX exchange in Copenhagen in order to facilitate
the development of a market price and to encourage effective and transparent
price formation. 

The terms of the market making agreement are as follows:

•	Danske Bank will submit daily bid and ask quotes for shares in Føroya Banki
for a minimum of 300 shares at a price determined by Danske Bank 
•	Maximum bid/ask spread shall not exceed 2.0% 
•	The agreement is effective as of 15 February 2010
•	The agreement can be terminated by Danske Bank or Føroya Banki with one month
notice to the end of a month, however, Danske Bank is entitled to terminate the
agreement without notice in the event of substantial changes in social,
economical, financial or political conditions 

The market making agreement with Saga Capital published on 29 August 2008 is
hereby cancelled.

Further information, please contact:
Janus Petersen, CEO of Føroya Banki, tel. (+298) 330 340
Johnny í Grótinum, Head of IR, phone (+298) 230 380

Attachments:

market making - announcement no 6.pdf