Announcement 16/2010 In continuation of Føroya Banki's announcement no 5/2010 the Bank hereby announces, that the Danish FSA has approved the Bank's acquisition of 12 branches from Sparbank A/S. The transaction is therefore finalised. Further information: Janus Petersen, CEO, phone (+298) 330 340 Johnny í Grótinum, Head of IR, phone (+298) 230 380