Immediate Release 03 November 2004

                     Financial Development Corporation plc                     

                                (the "Company")                                

                              Holding in Company                               

Financial Development Corporation plc was informed today that, as at the close
of business on 29 October 2004, UBS AG, acting through UBS AG London Branch,
had an interest of 17,886,828 Ordinary shares of �0.001 in the Company. This
represents 4.95% of the issued share capital of the company.

                                    -Ends-                                     



END
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