Change of Nominated Adviser and Broker

2 March 2015

Faroe Petroleum plc

("Faroe", "Faroe Petroleum", the "Company")

Change of Nominated Adviser and Broker

Faroe Petroleum announces that the status of Oriel Securities Limited ("Oriel") as a nominated adviser has been transferred to Stifel Nicolaus Europe Limited ("Stifel"). This is as a result of a group reorganisation following the acquisition of Oriel by Stifel Financial Corp. With immediate effect, the Company's nominated adviser and broker is therefore Stifel. For further information see the AIM Notice dated 2 March 2015.

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