FDC Financial Dev

    Immediate Release: 15th October 2004

                     Financial Development Corporation plc                     

                                (the "Company")                                

                              Exercise of options                              

The Company announces that it has today issued 17,500,000 new Ordinary Shares
of �0.001 to certain Directors and employees who have exercised options over
those shares. Details of Directors options, the resultant holdings in the
company and exercise prices are outlined below. Application has been made for
the new Ordinary Shares to be admitted to trading on AIM, and admission is
expected to take place on 21st October 2004, at which point the total issued
share capital of the Company will be 358,765,823 Ordinary Shares.

       Name           No. of Options      Exercise Price     Resultant Holding 
                         Exercised                                             
                                                 �                             
                                                                               
 Mr Adam Reynolds        5,000,000            0.01050       13,500,000 (3.76%) 
                                                                               
  Mr Tony Caplin         5,000,000            0.00825        3,800,000 (1.06%) 
                                                                               
  Mr Paul Foulger        2,000,000            0.00825        2,500,000 (0.70%) 
                                                                               
     Employee            1,000,000            0.00825               N/A        
                                                                               
     Employee            1,000,000            0.00825               N/A        
                                                                               
     Employee            2,000,000            0.01050               N/A        
                                                                               
     Employee            1,500,000            0.01050               N/A        

                                    -Ends-                                     

For further information please contact:

Paul Foulger

Financial Development Corporation Plc

Tel. 020 7245 1100

 



END

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