- Change of management in Føroya Banki's subsidiary P/F Trygd


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

Attachments

niels juul appointed interim ceo.pdf