Significant shareholding

2 May 2006 09:12

Faroe Petroleum PLC02 May 2006 Faroe Petroleum Plc ("Faroe Petroleum" or "the Company") Significant shareholding The Company was notified on 28 April 2006 that MHR Funds, acting through itsbusiness group and legal entities, had an interest in 4,623,220 ordinary sharesof Faroe Petroleum plc, representing 8.36 per cent. of the total issued sharecapital of the Company. This information is provided by RNS The company news service from the London Stock Exchange