Significant shareholding

11 May 2006 16:08

Faroe Petroleum PLC11 May 2006 Faroe Petroleum plc ("Faroe Petroleum" or "the Company") Significant shareholding The Company has been notified today that following the placing of ordinaryshares on 8 May 2006 Lansdowne Partners Limited Partnership, on behalf of clientfunds that it manages, currently controls 2,548,120 ordinary shares representing3.46% of the enlarged share capital. The Company was also notified today that Bluehone Investors LLP, on behalf ofclient funds that it manages, currently controls 3,036,329 ordinary sharesrepresenting 4.12% of the enlarged share capital. This information is provided by RNS The company news service from the London Stock Exchange