Allotment of Shares

Falkland Islands Holdings PLC
05 April 2005


                         Falkland Islands Holdings plc

                            Allotment of new shares


For immediate release                                              05 April 2005
                                  

The board of Falkland Islands Holdings plc ('FIH') announces that it has
allotted a further 45,619 new FIH Shares in connection with the receipt of
further acceptances of the offer by FIH for the whole of the issued share
capital of The Portsmouth Harbour Ferry Company PLC ('PHFC').

Following the issue of 45,619 new FIH shares referred to above FIH has 8,379,480
shares in issue.


Enquiries

Dawnay, Day Corporate Finance Ltd

David Floyd, Director                                        Tel: [phone]

            

The persons responsible for this announcement are the directors of FIH.

Dawnay Day has approved the contents of this announcement for the purposes of
s21 of the Financial Services and Markets Act 2000.

Dawnay, Day Corporate Finance Limited ('Dawnay Day'), which is authorised and
regulated in the United Kingdom by the FSA, is acting exclusively for FIH and
for no one else in connection with the Offer and will not be responsible to
anyone other than FIH for providing the protections afforded to its customers or
for providing advice in relation to the Offer.

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR
JAPAN



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