FBD Rejects Eureko Approach

FBD Holdings PLC
28 April 2008



FBD Rejects Eureko Approach

The Board of FBD Holdings plc ('FBD') notes the continuing weekend press
speculation and confirms that it has received a further letter from Eureko B.V.
The Board again confirms that it has not received an offer or an intention to
make an offer.

The Board has, in conjunction with its advisers Goldman Sachs International and
Goodbody Corporate Finance, considered all aspects of the approach and has
concluded that it is entirely without merit.

Accordingly, the Board rejects this approach.


Enquiries:                                Telephone

Murray Consultants                        [phone]
Joe Murray                                [phone]


Goldman Sachs International               [phone]
John Rafter
Basil Geoghegan
John Brennan


Goodbody Corporate Finance                [phone]
Brian O'Kelly
Finbarr Griffin
Mark Cronin


The directors of FBD Holdings plc accept responsibility for the information
contained in this announcement. To the best of their knowledge and belief
(having taken all reasonable care to ensure that such is the case), the
information contained in this announcement for which they take responsibility 
is in accordance with the facts and does not omit anything likely to affect the
import of such information.


Goodbody Corporate Finance, which is regulated in Ireland by the Financial
Regulator, is acting as financial adviser to FBD and no one else in connection
with the matters referred to in this announcement and will not be responsible 
to any person other than FBD for providing the protections afforded to the 
clients of Goodbody Corporate Finance or for providing advice in relation to 
the matters referred to herein.


Goldman Sachs International, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as financial adviser to
FBD and no one else in connection with the matters referred to in this
announcement and will not be responsible to any person other than FBD for
providing the protections afforded to the clients of Goldman Sachs 
International or for providing advice in relation to the matters referred to 
herein. 



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