Total Voting Rights

14 January 2019

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Issue of Equity and Total Voting Rights

Further to its announcement on 11 January 2018, the Company confirms that it has applied to the London Stock Exchange for 23,052,775 new Ordinary Shares "the New Ordinary Shares") to be admitted to trading on AIM ("Admission"). Admission is expected on 15 January 2019. The New Ordinary Shares will, rank pari passu in all respects with the existing issued ordinary shares.

Following the issue of 23,052,775 New Ordinary Shares the Company's enlarged issued share capital will be 395,942,468 ordinary shares. The Company does not hold any ordinary shares in treasury and therefore the total number of voting rights in the Company is 395,942,468.

Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

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The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.