FDC Financial Dev

    Immediate release: 14 October 2004

                     Financial Development Corporation plc                     

                                 (the "Group")                                 

Financial Development Corporation plc announces that it is in discussions with
certain members of management regarding the possible management buy out of the
financial public relations business of the Group. Shareholders will be kept
fully informed of events.

                                    -Ends-                                     

For further information please contact:

Adam Reynolds, Chief Executive,

Paul Foulger, Finance Director,

Tel. 020 7245 1100



END

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