Holding in Company

FBD Holdings PLC
09 March 2005

FBD Holdings plc



09 March 2005





Re: Holding in Company





A letter from KBC Insurance dated 09 March 2005 to FBD Holdings plc, received by
the Irish Stock Exchange on the 09 March 2005.





On 9th March, 2005 KBC Insurance disposed of 9,267,549 ordinary shares in the
capital of FBD Holdings plc ('FBD') and following this no longer holds any FBD
ordinary shares.  The shares disposed represented 22.11% of the issued shares
capital of FBD prior to the disposal.





Luc Philips

Managing Director

KBC Insurance


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