The 1998 Faroe Islands Cup was played between 22 March and 17 June 1998. The cup was won by HB Torshavn.
The matches were played on 22 March 1998.
The matches were played on 29 March 1998.
The second round (group stage) was played between 5 and 29 April 1998.
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The matches were played on 8 May 1998.
The first legs were played on 21 May and the second legs on 29 May 1998.