Faroe Petroleum Plc Regulatory News (FPM)

21 Mar 2007 09:18

Faroe Petroleum PLC21 March 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Faroe Petroleum Plc 2. Reason for the notification (please place an X inside the appropriate bracket/s): An acquisition or disposal of voting rights: ( ) An acquisition or disposal of financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( X ) Statutory notification for holding above 3% 3. Full name of person(s) subject to the notification obligation: RAB Energy Fund Limited 4. Full name of shareholder(s) (if different from 3.) : Credit Suisse Client Nominees (UK) Limited 5. Date of the transaction (and date on which the threshold is crossed orreached if different): N/A 6. Date on which issuer notified: 20/03/2007 (holding as at 16/03/2007) 7. Threshold(s) that is/are crossed or reached: Above 3% 8. Notified details: N/A A: Voting rights attached to shares Class/type of shares if possible using Situation previous to the Triggeringthe ISIN CODE transaction Number of Number of voting shares Rights Ordinary Shares 3,022,727 3,022,727 Resulting situation after the triggering transaction Class/type of shares if possible Number of Number of voting % of votingusing the ISIN CODE shares rights rights Direct Direct Indirect Direct Indirect Ordinary Shares N/A N/A N/A 4.09 4.09 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting rights that may % offinancial Date Conversion be acquired if the instrument is votinginstrument Period/ Date exercised/ converted. rights N/A N/A N/A N/A N/A Total (A+B)Number of voting rights % of voting rights 3,022,727 4.09 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable : RAB Capital plc acts as investment manager for RAB ENERGY FUND LTD. RAB Capitalplc does not act as custodian for its clients and therefore the shares are heldin the nominee name of the custodian of its clients, which is CREDIT SUISSECLIENT NOMINEES (UK) LIMITED. Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: N/A 14. Contact name: Legal Team 15. Contact telephone number: 020 7389 7000 This information is provided by RNS The company news service from the London Stock Exchange