2008 Annual Report and Notice of AGM

9 June 2009 Faroe Petroleum plc (`Faroe" the "Company") 2008 Annual Report and Notice of AGM Faroe Petroleum plc (AIM:FPM.L) announces that the Company's Annual Report and Accounts for the year ended 31 December 2008 and Notice of AGM have been distributed to shareholders and are available online at the Company's website www.faroe-petroleum.com. The Annual General Meeting of the Company will be held at the offices of Financial Dynamics, 26 Southampton Buildings, London WC2A 1PB on 18th of June 2009 at 12 noon (BST). Enquiries Panmure Gordon Katherine Roe/Ashton Clanfield Tel: +44 20 7459 3600 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.