Atlantic Petroleum P/F
Major shareholder announcements

Changes in Major Shareholders Holdings

Tórshavn, Faroe Islands, 2012-03-23 16:40 CET -- P/F Atlantic Petroleum (OMX: FO-ATLA) announces changes in major shareholders holdings.

See attachment.

Further Details:

Further details can be obtained from Ben Arabo, CEO, tel +298 350100 (ben.arabo@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.

On the website, it is also possible to sign up for the Company’s e-mail newsletter.

Announcement no. 08/2012

Issued 23-03-2012

         P/F Atlantic Petroleum
         Gongin 9
         P.O. Box 1228
         FO-110 Tórshavn
         Faroe Islands
         
         Telephone +298 350 100
         Fax +298 350 101
         Website: www.petroleum.fo
         E-mail: petroleum@petroleum.fo