Eik Banki P/F - Company Announcement

Preliminary Result for 1-3 Quarter 2010

As previously announced (Stock Exchange Announcement 28/2010), all activities
of Eik Banki P/F have been transferred to Eik Banki Føroya P/F. 

Pertinent to the transfer, the buyer has made up assets and liabilities at
values, which result in a DKK 2.3 billion loss for the period 1 January to 30
September 2010. 

Preliminary Income Statement and Balance Sheet as of 30 September 2010 are
enclosed. 

The accounts have been prepared by the buyer Eik Banki Føroya P/F. The accounts
have thus neither been approved by the Board of Directors of Eik Banki P/F nor
audited. 

The Board of Directors of Eik Banki P/F intends to submit to Nasdaq OMX Nordic
Exchange a request for a delisting of Eik Banki P/F. 

At the transfer, the board members elected by the employees have retired from
the Board of Directors, and Jákup Egil Jensen has been elected deputy chairman,
as Tórmund Joensen has retired. 

Sincerely

Odd Bjellvåg
Chairman

For further information please contact:
Odd Bjellvåg, Chairman of the Board of Directors, tel. +298 280 611 -
odd@kallnet.fo

Attachments:

stock_exchange_announcement_29_2010.pdf

preliminary 3rd quarter result.pdf