Holding(s) in Company

Falkland Islands Holdings PLC 02 April 2008 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Falkland Islands Holdings plc 2. Reason for the notification (please place an X inside the appropriate bracket /s): An acquisition or disposal of voting rights: ( ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( x ) Other (please specify) : ( ) ................. 3. Full name of person(s) subject to the notification obligation: Artemis Investment Management Limited 4. Full name of shareholder(s) (if different from 3.) : Institutional UK Growth Artemis UK Growth 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 26 March 2007 6. Date on which issuer notified: 27 March 2007 7. Threshold(s) that is/are crossed or reached: 12% 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible using Situation previous to the Triggering the ISIN CODE transaction Number of Number of voting shares Rights GB0001861599 1,082,887 1,082,887 Resulting situation after the triggering transaction Class/type of shares if Number of Number of voting % of voting possible using the ISIN shares rights rights CODE Direct Direct Indirect Direct Indirect GB0001861599 1,082,887 1,082,887 11.95% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting rights that may % of financial Date Conversion be acquired if the instrument is voting instrument Period/ Date exercised/ converted. rights Total (A+B) Number of voting rights % of voting rights 1,082,887 11.95% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable : ................. Proxy Voting: 10. Name of the proxy holder: ................. 11. Number of voting rights proxy holder will cease to hold: ................. 12. Date on which proxy holder will cease to hold voting rights: ................. 13. Additional information: ................. 14. Contact name: Nicola Collins 15. Contact telephone number: 0131 718 0429 This information is provided by RNS The company news service from the London Stock Exchange

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