In a press release made today, Fijian Holding Limited announced that Mr Uday Raj Sen, Chief Executive Officer of Merchant Finance and Investments Ltd, has tendered his resignation to the Board citing Personal Reasons.

“We respect the personal decisions of the CEO of Merchant Finance and for the company, its business as usual,” said Iowane Naiveli, Acting Chairman of the Group.

Nouzab Fareed, the Acting Chief Executive for the Group said, “FHL Group of companies are well structured and procedure driven. As such, Merchant Finance will continue its normal business. We have assigned Mr Napolioni Batimala, a Senior Executive with FHL to act in the position until the position is advertised and filled”

Merchant Finance and Investments Ltd is subsidiary of Fijian Holding Ltd and a RBF licensed credit institution.

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Acting Chairman – FHL Director / Company Secretary

Dated 1 March 2011