Directors' Notification of Dealing in Shares

Falkland Islands Holdings PLC
11 April 2000


FALKLAND ISLANDS HOLDINGS plc ('the Company')

On 10 April 2000 the Company was notified that the Trustees of the Company's
Employees' Share Ownership Plan Trust ('ESOP') had purchased 45,000 shares in
the market at a purchase price of 150p per share.  Messrs. John Henry Gainham,
Bryan McGreal and George Roger Wallace, being the executive directors of the
Company, are included as potential beneficiaries under the ESOP.  The ESOP is a
discretionary trust for the benefit of employees and their immediate families of
the Company and its subsidiaries.  The directors named above provided no
consideration for the acquisition of their interest in the shares acquired by
the ESOP.

On 10 April 2000, the Company granted 35,000 options to Mr. Gainham, 25,000
options to Mr. McGreal and 15,000 to Mr. Wallace.  These options were granted
under the Company's Executive Share Option Scheme at an exercise price of 150p
per share.  No consideration was paid for the options, which, subject to meeting
a specified performance target (EPS growth to exceed inflation by at least 6% in
any 3-year period) are exercisable in normal circumstances between three and ten
years from the grant date.