In accordance with the Danish Law on Securities Trading §29 and the Icelandic Act No. 108/2007 on Securities Transactions BankNordik hereby notifies the stock exchange, that Wellington Management Company, LLP, USA has notified BankNordik, that they have sold 638,746 shares in BankNordik P/F, so that they now hold no more shares in BankNordik P/F.

Further information:

Klaus Rasmussen, Chairman of the Board of Directors, tlf +298 330 340

Janus Petersen, CEO, phone +298 330 340

Investor Relations: ir@banknordik.fo, tlf +298 330 330

BankNordik was founded more than 100 years ago in the Faroe Islands. The Group has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands and Iceland. The Group has total assets of DKK 18bn and 530 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on NASDAQ OMX. www.banknordik.com.