Holding(s) in Company

Falkland Islands Holdings PLC
8 January 2003


Letter to RNS

FALKLAND ISLANDS HOLDINGS plc ('the company') 

DISCLOSURE ANNOUNCEMENT

The company today received the following notification dated 8th January 2003
from Jupiter Asset Management Limited on behalf of its client Jupiter Primadona
Growth Trust ('The Trust') that following a recent transaction in Ordinary
shares of 10p each in the company it has an interest in 239,700 Ordinary shares
in the company which represents 3.88%.

Letter from Falkland Islands Holdings PLC



Letter to Falkland Islands Holdings PLC

Notification of holdings pursuant to s.198 Companies Act 1985

Following a recent transaction in Ordinary shares of 10p each of Falkland
Island Holdings PLC ('The Company'), Jupiter Asset Management Ltd, on behalf of
its client Jupiter Primadona Growth Trust PLC ('The Trust'), hereby notifies you
that the Trust has an interest in 239,700 Ordinary shares in the Company which
represents 3.85% of the Company's Ordinary shares in issue.
                                      
Jupiter Asset Management Limited does not hold any shares beneficially, but
holds them as an investment manager acting on behalf of discretionary clients.
The address of the investment manager is as stated on the letterhead.           
 
Letter from Jupiter Asset Management Limited



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