Immediate release: 10 December 2004

                     Financial Development Corporation plc                     

                           ("FDC" or the "Company")                            

                              Holding in Company                               

Financial Development Corporation plc received the following two notifications
today:

Artemis Alpha Trust has an interest in 18,833,333 ordinary shares in FDC. This
represents approximately 5.21 per cent. of the issued share capital of the
Company.

Cantor Fitzgerald Europe no longer holds a notifiable interest in the Company.

                                    -Ends-                                     



END
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