Niels Juul Arge appointed interim CEO Following the announcement earlier today, that Ali Celebi CEO of P/F Trygd has decided to leave the company 1 July 2007, the board of directors of P/F Trygd has appointed Niels Juul Arge as interim CEO of P/F Trygd. P/F Trygd will intensify the search for a new permanent CEO after the summer holiday period, and until a permanent solution is in place Niels Juul Arge will be interim CEO. Niels Juul Arge comes from a position as investment advisor in the Markets department in Føroya Banki. Further information: Janus Petersen, CEO of Føroya Banki, mobile (+298) 230 340