Holding(s) in Company

Falkland Islands Holdings PLC
14 October 2004

FALKLAND ISLANDS HOLDINGS plc ('The Company')
DISCLOSURE ANNOUNCEMENT

The company has today received the notification below dated 14th October 2004
that following it's recent placing of Ordinary Shares of 10p each.  Jupiter
Asset Management Ltd on behalf of Jupiter Primadona Growth Trust PLC(Primadona)
is now interested in 248,200 Ordinary Shares in the Company.  This represents
3.09% of the companies issued share capital.

A M Knightley
Falkland Islands Holdings plc
Finance Director


Letter to: Falkland Islands Holdings PLC

Dated 14th October 2004

Notification of holdings pursuant to s. 198 Companies Act 1985

Following the recent placing of Ordinary shares of 10p each of Falkland Islands
Holdings PLC ('the Company'), Jupiter Asset Management Limited, on behalf of its
client Jupiter Primadona Growth Trust PLC ('Primadona'), hereby notifies you
that Primadona is now interested in 248,200 Ordinary shares which, based on an
issued share capital of 8,037,342 shares, represents 3.09% 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 appears below:

Jupiter Asset Management Limited
1 Grosvenor Place
London SW1X 7JJ
Tel: [phone]
Fax: [phone]
www.jupiteronline.co.uk

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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