Director/PDMR Shareholding

25 May 2018

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Issue of Equity, Notification of Directors' interests and Total Voting Rights

On 22 May 2018, Roger Witts, a Non-Executive Director of the Company transferred a total of 12,500 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares")to his wife Paula Cecelia Witts for nil consideration.

Mr Witts has retained the balance of his shares in the Company of 96,680.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

(Disclosure in relation to exercise of share options and sale of shares)

 1  Details of the person   discharging managerial responsibilities / person closely associated
a) Name Roger Charles Witts
2 Reason for the notification 
a) Position/status  Non-Executive   Director
b) Initial notification /Amendment  Initial   notification
3 Details of the issuer, emission allowance market participant, auction   platform, auctioneer or auction monitor
a) Name  Faroe   Petroleum plc
b) LEI   213800RE18GVZGNYB270
4 Details of the transaction(s): section to be repeated for (i) each   type of instrument; (ii) each type of transaction; (iii) each date; and (iv)   each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification   code  12,500 Ordinary Shares of 10p each in Faroe Petroleum plc.ISIN: GB0033032904
b) Nature of the transaction  (i)    Transfer of Ordinary shares   of 10p each
c) Price(s) and volume(s) Price(s) Volume(s)
(i)    0.00 p 12,500
d) Aggregated information  12,500 Ordinary Shares of 10p each in Faroe Petroleum plc.
e) Date of the transaction  22 May   2018
f) Place of the transaction  XLON

For further information please contact:

Faroe   Petroleum plcGraham   Stewart, CEO Tel: +44   1224 650 920
Stifel   Nicolaus Europe Limited Callum Stewart /Nicholas Rhodes/Ashton Clanfield Tel:   +44 20 7710 7600
RBC   Capital MarketsMatthew   Coakes Tel:   +44 20 7653 4000
FTI   ConsultingEdward   Westropp/Emerson Clarke Tel:   +44 20 7831 3113

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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