RNS Number:3831P
London Forfaiting Company PLC
04 September 2003





To:       The Directors
          London Forfaiting Company Plc
          International House
          1 St. Katherine's Way
          London E1W 1XA

                                                             2 September 2003





Dear Sirs


1        Notification concerning interests in shares



1.1      This notification is sent by FIMBank (UK) Limited, on behalf of itself 
         and the persons set out in paragraphs 1.2.1 to 1.2.5 below, for the 
         purposes stated in paragraph 1.2 below.



1.2      The persons set out below (the "Interested Persons") hereby give notice 
         to London Forfaiting Company Plc ("LFC") pursuant to, and for the 
         express purpose of discharging the disclosure obligations stipulated 
         by, the provisions of sections 198 to 202 of the Companies Act 1985 
         (the "Act"), of the matters referred to in paragraph 3 below
         arising out of the transaction referred to in paragraph 2.2 below.



1.2.1   FIMBank (UK) Limited ("FIMBank UK");



1.2.2   First International Merchant Bank p.l.c ("FIMBank plc");



1.2.3   Global Financial Holdings NV ("GFH");



1.2.4   Kuwaiti Interests for Financial Investments ("KIFI"); and



1.2.5   Kuwaiti Interests for Development Holding KSC ("KIDH").



1.3     The registered addresses of each of the Interested Persons are as 
        follows:



1.3.1   FIMBank (UK) Limited
        134 Wigmore Street,
        London W1U 3SE



1.3.2   First International Merchant Bank plc
        7th Floor,
        The Plaza Commercial Centre,
        Bisazza Street,
        Sliema, SLM15
        Malta



1.3.3  Global Financial Holdings NV
       Caracasbaaiweg 199,
       Curacao,
       Netherlands,
       Antilles



1.3.4  Kuwaiti Interests for Financial Investments
       Chamber of Commerce Building,
       3rd Floor,
       P.O. Box 719 Al Safat,
       Zip Code 13008
       Kuwait



1.3.5  Kuwaiti Interests for Development Holding KSC
       The Kuwait Chamber of Commerce Building
       3rd Floor
       Al-Shuahada Street
       Sharq Commercial Area
       9 Kuwait



2      The Transaction



2.1    For your information, FIMBank UK is a wholly owned subsidiary of FIMBank
       plc.  GFH owns a 33.91 per cent. shareholding in FIMBank plc, and is a 
       wholly-owned subsidiary of KIFI.  KIFI is a family investment company and 
       is owned as to 99.4 per cent by KIDH.



2.2    On 22 July 2003, WestLB Panmure Limited ("WestLB") made an offer (the 
       "Offer") on behalf of FIMBank UK to acquire the entire issued and to be 
       issued share capital of LFC.  The Offer was declared unconditional in all 
       respects on 28 August 2003.



3      Levels of shareholdings



3.1    By virtue of (i) acceptances of the Offer and (ii) purchases by FIMBank 
       UK of ordinary shares of 40 pence each comprised in the relevant share
       capital of LFC ("LFC Shares"), as at 2 September 2003 each of the 
       Interested Persons are interested in 72,762,725 LFC Shares.
       None of the LFC Shares in which any of the Interested Persons is 
       interested is by virtue of section 208(5) of the Act.



3.2    These LFC shares are registered as follows:-



3.2.1   the 70,537,725 LFC Shares assented to the Offer remain registered in the 
        names of the shareholders who have accepted the Offer;



3.2.2   725,000 of the LFC Shares purchased by FIMBank UK are registered in its 
        name; and



3.2.3   1,500,000 LFC Shares purchased by FIMBank UK will, pending settlement,
        be registered in its name.



Yours faithfully

FIMBank (UK) Limited


First International Merchant Bank plc


Global Financial Holdings NV


Kuwaiti Interests for Financial Investments


Kuwaiti Interests for Development Holdings KSC









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