Re. Appointment

Falkland Islands Holdings PLC
04 September 2002

Falkland Islands Holdings plc



                      Appointment of New Finance Director


Falkland Islands Holdings plc announced today the appointment of Mr Tony
Knightley (52) to the Board as Finance Director with effect from 4 September
2002. Mr Knightley FCCA was appointed Company Secretary in 1997 and since 1973
has been employed within the same group of companies as the trading subsidiaries
of the Company.  As required by the Company's Articles of Association, he will
be proposed for election at the Annual General Meeting which is to be held on 13
September 2002.  Mr Knightley will remain as the Company Secretary of the
Company.


Mr Knightley replaces Mr Roger Wallace who has been Finance Director since 1997.
Mr Wallace resigned from the Board today following his retirement from Anglo
United Limited who had seconded him to the Company.  The Board thanks Mr Wallace
for his contribution.


Mr Knightley is the beneficial owner of 6,000 shares in the Company and has
options over 15,000 shares at an exercise price of £1 each and further options
over 10,000 shares at an exercise price of £1.395 each.


There are no details which require disclosure pursuant to paragraph 16.4 of the
Listing Rules of the FSA.


                                                                4 September 2002



Enquiries:


Falkland Islands Holdings                            Tel: [phone]
David Hudd, Chairman

College Hill                                         Tel: [phone]
James Henderson




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