Significant shareholding

27 Apr 2006 09:50

Faroe Petroleum PLC27 April 2006 Faroe Petroleum Plc ("Faroe Petroleum" or "the Company") Significant shareholding The Company was notified on 26 April 2006 that, as at the close of business on19 April 2006, UBS AG, acting through its business group and legal entities, hadan interest in 1,785,672 Ordinary shares of Faroe Petroleum, representing 3.23per cent. of the total issued share capital of the Company. On the same day,the Company was further notified that, as at the close of business on 20 April2006, UBS AG now no longer holds a notifiable interest in Faroe Petroleum. This information is provided by RNS The company news service from the London Stock Exchange