TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1.
Identity of the issuer or the underlying issuer of existing shares to
which
voting rights are attached:
Faroe Petroleum plc
2. Reason for the notification (please
place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: (X)
An acquisition or disposal of financial
instruments which may result in the acquisition of shares already
issued to
which voting rights are attached: ( )
An event changing the breakdown of voting
rights: ( )
Other (please specify): ( )
3. Full name of person(s) subject to
the notification obligation:
AXA S.A.
4. Full name of shareholder(s) (if
different from 3.):
Name of Company/Fund Number %
of shares of issued share capital
AXA Framlington 250,000 0.34
Trustees for Roman
Catholics
(Indirect)
AXA Framlington 360,000 0.49
Xerox Final Salary
Pension Scheme
(Indirect)
AXA Framlington 195,000 0.26
Islington Group
Pension Scheme
(Indirect)
AXA Framlington 150,000 0.20
London Scottish Pension Fund
(Indirect)
AXA Framlington 500,000 0.68
SEI UK
Equity
(Indirect)
AXA Framlington 700,000 0.95
St James Place
Exempt (Pens) Fund
(Indirect)
AXA Framlington 750,000 1.01
St James Place Net
(Life) Fund
(Indirect)
AXA Framlington 190,000 0.26
St James Place Offshore Fund
(Indirect)
AXA Framlington 300,000 0.41
Daimler Chrysler
(Indirect)
AXA Framlington 2,000,000 2.70
Throgmorton Trust
(Indirect)
AXA Framlington 1,000,000 1.35
Managed Balanced
(Indirect)
AXA Framlington
AXA Framlington 1,103,846 1.49
UK Smaller Companies
(Indirect)
AXA Framlington 140,000 0.19
BAE Systems
Pensions
Fund CIF Trustees
(Indirect)
AXA Framlington 61,350 0.08
BAE Systems 2000
Pensions Fund
(Indirect)
AXA Framlington 3,667,308 4.96
RW Portfolio
(Indirect)
EDF Energy Group 361,304 0.49
(Indirect)
5.
Date of the transaction (and date on which the threshold is crossed
or reached if
different):
12 November 2007
6. Date on which issuer notified:
13 November 2007
7. Threshold(s) that is/are crossed
or reached:
16%
8. Notified details:
N/A
A: Voting rights attached to shares
Class/type of shares if Situation
possible using the ISIN CODE previous to the Triggering transaction
Number of shares Number of voting Rights
Ordinary Shares 11,832,654 11,832,654
Resulting situation after the triggering
transaction
Class/type of Number of Number of voting rights % of voting rights
shares if shares
possible using
the ISIN CODE
Direct Direct Indirect Direct Indirect
Ordinary Shares 0 0 11,728,808 0.00 15.87
B: Financial Instruments
Resulting situation after the triggering
transaction
Type of Expiration Exercise/Conversion Number of voting % of
financial Date Period/ Date rights that may be voting
instrument acquired if the rights
instrument is
exercised/
converted.
N/A N/A N/A N/A N/A
Total (A+B)
Number of voting rights % of voting rights
11,728,808 15.87
9. Chain of controlled
undertakings through which the voting rights and/or the financial
instruments
are effectively held, if applicable :
N/A
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy
holder will cease to hold:
N/A
12. Date on which proxy holder will
cease to hold voting rights:
N/A
13. Additional information:
N/A
14. Contact name: Julian Riddick
15. Contact telephone number: 01224 652810
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