Sale of Land etc

FBD Holdings PLC
22 June 2006

Validation No.  076601





                              Public Announcement



                    FBD Holdings plc ('FBD' or 'the Group')



                     Sale of land at La Cala Resort, Spain



                                      and



                          Payment of Special Dividend







On 23rd February 2006, FBD announced a conditional agreement under which the
Group's 100% owned Spanish Property and Leisure Subsidiary, Ranchos Reunidos
S.A. undertook to dispose of a major portion of the building development land
which it owned at La Cala Resort, Mijas, Costa del Sol, Spain,  for a total
consideration of €201m.



FBD is pleased to advise that the signing of the land transfer deal has taken
place as scheduled and the initial consideration payment of €100m. arising on
the Tranche 1 land has  been received.   The remainder of the Tranche 1
consideration, amounting to €21m., is due for payment on 30th June 2007.



As advised in the announcement of 23rd February 2006, the consideration,
amounting to €80m., for the Tranche 2 land, becomes payable at a later date,
subject to receipt of final planning approval from the Spanish Regional Planning
Authority.



Special Dividend



In accordance with its previously advised intention to distribute the net cash
proceeds arising from the overall transaction by way of two special dividends,
the Board has declared the first special dividend of €1.60 per share.   This
will be paid on the 11th August 2006 to shareholders on the Company Register at
close of business on 21st July 2006.  This dividend is subject to withholding
tax ('DWT'), except for shareholders who are exempt from DWT and have furnished
a properly completed  Capital Composite Resident Form to the Company's
Registrar.







Ends
                                       22nd June 2006



For Reference:
                                 Telephone No



FBD

Philip Fitzsimons                                    Chief Executive
                 00 - 353 - 1 - 4093208



Andrew Langford                                 Finance Director
              00 - 353 - 1 - 4093208



Murray Consultants

Joe Murray
                        00 - 353 - 1 - 4980300





This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.






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