Director Shareholding

Falkland Islands Holdings PLC
07 January 2005


                          Falkland Islands Holdings plc

                               Directors Dealings

For immediate release                                            07 January 2005


On 7 January 2004 Falkland Islands Holdings plc was notified of the following
dealings by certain directors in ordinary shares on 6 January 2004:


Name                  Shares              Price         Current          %*     
                      Sold                £             Shareholding

B McGreal             4,000               6.00          46,533          0.56                        

A M Knightley         7,000               6.00          24,000          0.29
                       


*percentage of issued share capital.



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