FDC Financial Dev

Statement re Suspension Immediate Release: 23 December 2004 Financial Development Corporation plc (the "Company") Corporate Action/Suspension Following recent press speculation and share price movement, the Board of the Company confirms that it is in discussions with a third party that may or may not lead to an acquisition of natural resources assets that would constitute a reverse takeover (pursuant to paragraph 13 of the AIM Rules). Accordingly, the Company has requested that trading in its ordinary shares be suspended temporarily. These discussions are at an advanced stage and the Company hopes to be in a position to make a further announcement early in the New Year. For further information: Ruari McGirr Daniel Stewart & Co plc Tel: 020 7374 6789 END

Copyright