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Change of Nominated Adviser and Broker

Faroe Petroleum announces that the status of Oriel Securities Limited (“Oriel”) as a nominated adviser has been transferred to Stifel Nicolaus Europe Limited (“Stifel”). This is as a result of a group reorganisation following the acquisition of Oriel by Stifel Financial Corp. With immediate effect, the Company’s nominated adviser and broker is therefore Stifel. For further information see the AIM Notice dated 2 March 2015.

For further information please contact:

Faroe Petroleum plc
Graham Stewart, CEO
Tel: +44 1224 650 920

Stifel Nicolaus Europe Limited
Callum Stewart/ Ashton Clanfield/ Michael Shaw
Tel: +44 20 7710 7600

RBC Capital Markets
Matthew Coakes/Jeremy Low
Tel: +44 20 7653 4000

FTI Consulting
Edward Westropp/Tom Hufton
Tel: +44 20 3727 1000