Holding(s) in Company

Falkland Islands Holdings PLC
14 March 2002


LETTER TO COMPANY ANNOUNCEMENTS OFFICE

FALKLAND ISLANDS HOLDINGS plc ('the company') 
DISCLOSURE ANNOUNCEMENT

The Company today received the following notification dated 13th March 2002 from
INVESCO English and International Trust plc that on 12th March they sold 31,250
ordinary shares of 10 pence each in the Company.

INVESCO English and International Trust plc now hold 298,250 ordinary shares of
10 pence each in the Company, which represents 4.85% of the Company's issued
share capital.

LETTER FROM FALKLAND ISLANDS HOLDINGS PLC



LETTER TO FALKLAND ISLAND HOLDINGS PLC  
DATED 13TH MARCH 2002

SECTION 198 COMPANIES ACT 1985 ('THE ACT')

We write in accordance with the above Act to advise you that, following the sale
of 31,250 Ordinary Shares on 12th March 2002, this Company is the beneficial
owner of 298,250 Ordinary Shares of 10p each in your Company, representing
4.87%*. The shares are registered in the name of Chase Nominees Limited.


*Based on an issued share capital of 6,120,037


LETTER FROM INVESCO ENGLISH AND INTERNATIONAL TRUST PLC
FOR INVESCO ASSET MANAGEMENT LIMITED - SECRETARIES



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