FDC Financial Dev

    Immediate release: 3 December 2004

                     Financial Development Corporation plc                     

                           ("FDC" or the "Company")                            

                              Holding in Company                               

Financial Development Corporation plc was informed today that Cantor Fitzgerald
Europe has an interest in and is the registered holder of 13,450,000 ordinary
shares in FDC. This represents approximately 3.72 per cent. of the issued share
capital of the Company.

                                    -Ends-                                     



END

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