Holding(s) in Company

Falkland Islands Holdings PLC
21 September 2007





TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

     Falkland Island Holdings PLC



2. Reason for the notification (please place an X inside the appropriate bracket
/s):



An acquisition or disposal of voting rights: (X)



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (    )



An event changing the breakdown of voting rights: (    )



Other (please specify) : (    )



3. Full name of person(s) subject to the notification obligation:

    Dolphin Fund plc

4. Full name of shareholder(s) (if different from 3.) :



5. Date of the transaction (and date on which the threshold is crossed or
reached if different):



6. Date on which issuer notified:

    18th September 2007



7. Threshold(s) that is/are crossed or reached:

    20th September 2007



8. Notified details:

    3%



A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE
                                  Number of shares                   Number of voting rights
GB0001867599                      251,000                            251,000




Resulting situation after the triggering transaction


Class/type of shares if      Number of shares         Number of voting rights           % of voting rights
possible using the ISIN CODE
                                                      Direct       Indirect             Direct      Indirect


GB0001867599                 256,000                  256,000                           3.02%



B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.





Total (A+B)
Number of voting rights        % of voting rights


256,000                        3.02%%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable :



Custodian: HSBC Securities Services (Isle of
Man) Ltd
Account Number: 59173616
Account Name: Dolphin Fund plc





Proxy Voting:



10. Name of the proxy holder:

HSBC Securities Services (Isle of man) Ltd



11. Number of voting rights proxy holder will cease to hold:



12. Date on which proxy holder will cease to hold voting rights:



13. Additional information:



14. Contact name:

Richard Mooney

[e-mail]



15. Contact telephone number:

T: 01624 637 726

F: 01624 637 778


                     


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