Results of General Meeting and Total Voting Rights

9 August 2016

Faroe Petroleum plc

("Faroe", "Faroe Petroleum", the "Company")

Results of General Meeting and Total Voting Rights

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities in Norway and the UK, announces that all resolutions put to Shareholders at today's General Meeting, in relation to the Open Offer of shares as announced on 21 July 2016, were duly passed.

Admission of Open Offer Shares

The Open Offer Shares will, when issued, rank pari passu in all respects with the Existing Ordinary Shares of the Company. Application has been made for the 5,958,896 Open Offer Shares to be admitted to trading on AIM and accordingly dealings are expected to commence at 8.00 am on 10 August 2016.

Total voting rights

On Admission, the total number of voting rights in the Company will be 363,492,661 and no Ordinary Shares are held in treasury. The above figure of 363,492,661 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in their interest, in the Company.

Further information:

This announcement contains inside information 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.