RNS Number:4826L
Channel Hotels & Properties Limited
23 May 2003


To: RNS


Under Rule 3 of the Rules Governing Substantial Acquisitions of shares I would
like to notify you of the following transaction concerning a recent purchase of
shares in Falklands Islands Holdings Plc, owned by Channel Hotels and
Properties Limited.

Registered Owner                          Channel Hotels & Properties Ltd
No. of shares sold                        14,934
% of issued class                         0.254%
Class of Security                         Ordinary shares of 10 pence each
Date of transaction                       22nd May 2003
Total holding following notification      500,000
Total % holding following notification    8.197%


From:   G C BARRIE MELVIN
        DIRECTOR
        CHANNEL HOTELS & PROPERTIES LIMITED





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