Fih Group Regulatory News (FIH)

3 Jun 2005 07:00

Falkland Islands Holdings PLC03 June 2005 Falkland Islands Holdings Plc Interest in Falkland Oil and Gas Limited ("FOGL") Falkland Islands Holdings ("FIH") is an AIM listed company operating in theFalkland Islands where it is involved in a range of business including oil andminerals exploration activities. FIH announces today that it has bought a further 2,352,941 FOGL shares in thePlacing recently announced by FOGL using its existing cash reserves. The shareswere placed at 85p and the total cost to FIH is £2 million. FIH was one of thefounding shareholders in FOGL and will retain an 18% interest in the companyafter the Placing. The Board of FIH commented that it was encouraged by the positive results of therecent seismic survey work and remains optimistic about FOGL's future prospects. 3 June 2005 Enquiries: Falkland Islands HoldingsDavid Hudd, Chairman 07771 893267 (until 1pm) College HillBen Brewerton 0207 457 2020 This information is provided by RNS The company news service from the London Stock Exchange