Result of Meeting

Falkland Islands Holdings PLC
9 October 2001


Letter to Company Announcements Office

Notification of Proposal to Purchase Own Equity Shares

We write to inform you that at today's Annual General Meeting of the company the
attached resolution was approved by shareholders as a special resolution.

Letter from A M Knightley
Falkland Islands Holdings Plc
Company Secretary


Falkland Islands Holdings Plc
Resolution 9 passed at the Annual General Meeting held on 9th October 2001
at 11am.

THAT, the company be generally and unconditionally authorised to make one or 
more market purchases (within the meaning of s163(3) or the Act) of ordinary 
shares of 10 pence in the capital of the Company ('ordinary shares') provided 
that:

(a) the maximum aggregate number of ordinary shares authorised to be purchased  
    is 306,001 (representing 5 per cent of the issued ordinary share capital);

(b) the maximum price which may be paid for an ordinary share is an amount equal
    to 105 per cent of the average of the middle market quotations for an       
    ordinary share as derived from the London Stock Exchange Daily Official List
    for the five business days immediately preceding the day on which the       
    ordinary share is purchased;

(c) this authority expires at the conclusion of the next Annual General Meeting 
    of the company to be held in 2002 or within twelve months from the date of  
    the passing of this resolution whichever is earlier; and

(d) the Company may make a contract to purchase ordinary shares under this      
    authority before the expiry of the authority which will or may be executed  
    wholly or partly after the expiry of the authority, and may make a purchase 
    of ordinary shares in pursuance of any such contract.