FDC Financial Dev

    Immediate release: 15th October 2004

                     Financial Development Corporation plc                     

                                (the "Company")                                

                              Holding In Company                               

The Company has today received notification that following a recent purchase of
shares, the Canada Life Marketing Group now has a holding of 12,333,334 shares
in Financial Development Corporation plc. This holding represents 3.61% of the
issued share capital of the Company.

                                    -Ends-                                     



END

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