Statement from Faroe regarding press commentary
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION FOR IMMEDIATE RELEASE 20 December 2018 Faroe Petroleum plc (the "Company" or "Faroe") Statement from Faroe regarding press commentary Faroe clarifies that the following quotation which appeared in an article titled "Faroe CEO Expects Owners to Reject DNO's Bid Despite Oil Slump" on Bloomberg Intelligence on 20 December 2018 of: "Faroe again hit back