FIJIAN HOLDINGS LIMITED DECLARES HIGHER INTERIM DIVIDEND AMIDST STRONGER GROUP PERFORMANCE

Fijian Holdings Limited today announced an interim dividend of 10 cents per share totalling $1.046 million for its A-Class shares, and in addition, the directors had for the first time declared an interim dividend of 5 cents per share totalling $1 million for its B-Class shares. Therefore, the interim dividend for the first six months of FY06 totalled $2.046 million compared to $1.046 million for the same period of FY05. These declarations were based on the company's favourable financial results for the six months ended 31st December 2005, the exceptional performance of most FHL Group companies and the buoyant outlook for the next six months.

Announcing the declaration, FHL Managing Director Mr Sitiveni Weleilakeba, said that the interim dividend was declared amidst strong underlying growth recorded by most of its operating subsidiaries. "Overall performance in comparison to previous years shows significant improvement in their fundamentals. Our investments in the construction, food & beverage manufacturing and finance sectors are performing exceptionally well, capturing the upswing in construction and consumer demand," Mr Weleilakeba said.

FHL's current balance sheet and cashflow position, place FHL in a solid financial standing for the remainder of the 2006 financial year. According to Mr Weleilakeba, FHL is expected to exceed net profit after tax of $5 million from normal operating results for the first time in FY06. Similarly, FHL Group is forecast to deliver better than budget and significantly higher than FY05 results.

"The Directors' decision to declare an interim dividend of 5 cents per share for the B-Class shares, in addition to the normal 10 cents per share to the A-class shares, was based on these strong growth prospects," Mr Weleilakeba clarified. The holders of the B-class shares, the Fijians Trust Fund Board and the 14 Provincial Councils would benefit from this additional interim dividend. This year's interim dividend marks the increase in total dividend payout by FHL since 1985 to over $42 million. Out of this amount $14 million would have been paid to B-class shareholders and the balance of $28 million to the A-class shareholders. On top of this payout, the Group net asset stands in excess of $130 million. "This is the hallmark of FHL performance and should be reassuring to our shareholders," said Mr. Weleilakeba.

The company's share register will be closed on Thursday 20th April 2006 to determine shareholders entitlement in the distribution of interim dividend, in line with South Pacific Stock Exchange requirements. Dividend cheques will be ready for collection at the company's office from Friday 28th April 2006.