Market Announcement FHL
New General Manager for Merchant Finance & Investment Co Ltd

In a press release made today, FHL announced the appointment of Mr Greg Cathcart as the new General Manager for Merchant Finance Investment Company Limited (MFIL).
Mr Cathcart is a 30 year veteran in the Financial Services Industry, having worked for companies AGC Finance, Pacific Retail Finance and GE Money and he is a finance graduate of the University of Auckland Business School. Over the course of his career has held most financial services roles from entry level up to CEO & Director seniority in NZ, Australia, Papua new Guinea and the Middle East. 

In making the announcement, FHL Group & Merchant Finance Chairman, Carl Ngamoki-Cameron said “The appointment was based on the outcome of a stringent and thorough selection process. In addition he stated that “We are confident that Mr Cathcart has the necessary calibre to take on this challenging role and steer the company towards its strategic goals.”
Acting CEO for FHL Group and Merchant Finance Director, Nouzab Fareed, said “We welcome Mr Cathcart, and look forward to utilising his expertise for the benefit of the company and its shareholders and stakeholders.” 

FHL would like to reassure our shareholders that business will continue to operate as usual within the Group.
 
MFIL is a licensed credit institution specialising in asset purchases financing, personal loans, term deposits and insurance agency services. It is also 100% locally owned, of which 80% is owned by FHL and 20% by Fijian Holdings Unit Trust respectively.
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Chairman - FHL Company Secretary
Dated 30 August 2011
For more information, please contact: Elenoa Lalabalavu - Investor Relations Officer,
Phone: (679) 3305017
Email: info@fijianholdings.com.fj