Føroya Banki P/F - Fyrirtækjafréttir

Divestment of the associate company Bakkafrost

Announcement 15/2010"With reference to our Company Announcement No 17 / 2009 on the divestment of
the associate company Bakkafrost please be informed that Bakkafrost has made
public an announcement providing more detailed information on the coming sale
of existing shares, offering of new shares and listing on Oslo Børs. 

The announcement can be found on Oslo Børs Newsweb on
http://www.newsweb.no/newsweb/search.do?messageId=255482."

Føroya Banki