FGML Falkland Gold

RNS Number:4985P
Falkland Islands Holdings PLC
15 January 2007



Falkland Islands Holdings plc

Sale of Falkland Gold and Minerals Limited Shares


Falkland Islands Holdings plc ("FIH") announces that on 12 January 2007 it
entered into an agreement to sell its entire shareholding in Falkland Gold and
Minerals Limited ("FGML") totalling 11,250,000 Ordinary shares comprising 14.4%
of the issued share capital of FGML.


The shares are being sold to RAB Special Situations (Master) Fund Limited (a
fund managed by RAB Capital plc) the largest shareholder in FGML for 6p per
share. The net consideration amounts to #673,000, generating a profit of
#473,000 for FIH. The funds will be used in FIH's businesses.



                                                                 15 January 2007

Enquiries:


FIH
David Hudd, Chairman                             07771 893 267


College Hill
Nick Elwes                                       020 7457 2020




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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