FDC Financial Dev

    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

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