Eik Banki P/F - Fyrirtækjafréttir

Eik Banki P/F's Activites Tansferred to New Company

On 30 September 2010, Eik Banki P/F entered into a conditional agreement with
the Danish Financial Stability Company (see stock exchange announcement no
23/2010) regarding the transfer of the Bank's activities. All conditions in the
agreement have now been fulfilled and the transfer, which has been presented to
the Extraordinary General Meeting (see stock exchange announcement no 26/2010)
has been approved by the authorities. 

The agreement between Eik Banki P/F and the Financial Stability Company has
thus been finalized and the Bank's activities have been transferred to a new
subsidiary of the Financial Stability Company A/S. The transfer will be
effective on 14 October 2010 and the name of the new company is Eik Banki
Føroya P/F. 



Sincerely


Odd Bjellvåg	
Chairman		



For further information please contact:
Odd Bjellvåg, Chairman of the Board of Directors, tel. +298 280 611 -
odd@kallnet.fo 
Bogi Bendtsen, Managing Director, tel +298 548 520 - bogi.bendtsen@eik.fo

Further information on Eik Banki P/F: www.eikbank.com

Attachments:

stock_exchange_announcement_28_2010.pdf