Significant shareholding

15 May 2006 16:35

Faroe Petroleum PLC15 May 2006 Faroe Petroleum Plc ("Faroe Petroleum" or the "Company") Significant shareholding The Company was notified on 15 May 2006 that The Goldman Sachs Group, Inc. ('GSInc') and its subsidiary companies were interested in a total of 6,124,220ordinary shares in Faroe Petroleum, which represents 8.31 per cent. of the totalissued share capital of the Company. Of the 6,124,220 ordinary shares, the interest in 4,874,220 ordinary sharesarose from an interest held by Goldman Sachs & Co., a wholly-owned directsubsidiary of GS Inc, acting as custodian for its customers and the interest in1,250,000 ordinary shares arose from a beneficial interest held by Goldman SachsInternational, a wholly-owned indirect subsidiary of GS Inc. This information is provided by RNS The company news service from the London Stock Exchange