Eik Banki P/F
Jacob Leth Resigns from the Board of Directors

Eik Banki P/F / 

18.05.2010 16:48

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Today, Jacob Leth, member of the Board of Directors of Eik Banki, has announced
to the Bank that in order not to damage the Bank's reputation he resigns from
the Board, effective immediately. The decision is made following recent media
attention. 

'The only reason that I resign from the Board of Directors is that I do not
wish to put my own interests ahead of those of the Bank. My conscience is clean
as I have done nothing wrong' says Jacob Leth, who in Danish and Faroese media
has been accused of breaking the law in connection with securities trading. 

Frithleif Olsen, Chairman of the Board of Directors, regrets the situation. 'We
have appreciated our cooperation with Jacob Leth, and it is regrettable that
this situation has arisen. We do, however, deeply respect Jacob Leth's
decision. I wish to use this opportunity to thank Jacob Leth for his
contribution to the Board of Eik Banki, however brief, and wish him all the
best.' 

Jacob Leth was elected to the Board of Directors of Eik Banki P/F at the
General Meeting held on 27th March 2010. 

Sincerely



Frithleif Olsen
Chairman of the Board of Directors

News Source: NASDAQ OMX



18.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Eik Banki P/F
              
               
              Faeroe Islands
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Fax:          
E-mail:       
Internet:     
ISIN:         FO0005702340
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