Result of AGM

Falkland Islands Holdings PLC
25 October 2000



Falkland Islands Holdings plc
Resolution 11 passed at the Annual General Meeting held on 25th October 2000 at
11am.

THAT, the company be generally and unconditionally authorised to make one or
more market purchases (within the meaning of s163(3) of 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 305,501 (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     
     that ordinary share is purchased;

(c)  this authority expires at the conclusion of the next annual general        
     meeting of the company to be held in 2001 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.