Director Shareholding

Falkland Islands Holdings PLC
14 March 2002



FALKLAND ISLANDS HOLDINGS plc ('the company')
DISCLOSURE ANNOUNCEMENT

Sir Harry Solomon a Director in the Company today purchased 6250 ordinary shares
of 10 pence each in the Company at a price of £1.75 per share. This takes his
holding to 625,027 shares representing 10.2% of the issued capital of the
Company.


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