Redenomination of Capital

FBD Holdings PLC
24 April 2001

FBD Holdings Plc


24 April 2001

Re: Brochure of Particulars

Redenomination of Share Capital into Euros

FBD announces that all resolutions were passed by shareholders at the Annual
General Meeting held today, Tuesday 24th April 2001, including a resolution to
Redenominate the Company's Irish Pound share capital into Euros.

The authorised and issued ordinary shares of nominal value IR£0.50 each have
been renominalised into ordinary shares of nominal value Euro0.60. Application
is being made to the UK Listing Authority for admission to the Official List
of the UK Listing Authority of the redenominated ordinary share capital of the
Company, also application is being made to the London Stock Exchange for
admission to trading of the Company's shares.

This adjustment, which has immediate effect, does not alter the number of
listed and fully paid ordinary shres in issue and the existing share
certificates continue to be valid.