Faroe Petroleum Plc Regulatory News (FPM)

22 December 2014

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Director Shareholding

On 19 December 2014, the following Directors of the Company acquired the following ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") :

The Ordinary Shares acquired by the Executive Directors will be treated as 'Investment Shares' under the Faroe Petroleum plc Co-Investment Plan and an award of conditional Matching Share is expected to be made in the New Year to be announced separately. 

The Ordinary Shares acquired by Roger Witts were in his pension scheme.

Total Holdings

Following these transactions the relevant Directors hold the following Ordinary Shares together with options over the same (including historic Matching Shares) exercisable at various prices up to 186.25 pence, as follows:

Graham Stewart also holds an option to acquire 84,547 Ordinary Shares under a Long Term Incentive Plan exercisable at the nominal price of 10 pence per Ordinary Share.

* Roger Witts was granted certain share options whilst acting as an executive director.

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