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				<span class="heading" style="clear:both; display:block;text-align:left; font-size:18px;width:470px;padding:10px 0px 10px 0px;">FHL Increases its stake in Blue Lagoon Cruises Ltd</span>
				<span style="clear:both; display:block; text-align:left; font-size:11px; font-style:italic; color:#969696; padding:0px 0px 20px 0px;">27 June, 2012</span>
				
				
				
				
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						<span style="font-weight: bold;">Market Announcement</span><br/>  <br/>  In a press release made today, FHL confirmed that FHL has increased its stake in Blue Lagoon Cruises Ltd from 70.0% to 93.2%. This was executed through a Debt Capitalization process which was resolved at a recent Extra Ordinary General Meeting of  shareholders of Blue Lagoon Cruises Ltd.<br/>  <br/>  Following its original acquisition in 2001 at a cost of FJD 9.54 million, FHL has made steady loan advances, which accumulated to FJD 9.7 million by May 2012. Through a debt conversion, new fully paid up shares were issued to FHL for the value of FJD 3 million.<br/>  <br/>  FHL Group Chairman, Iowane Naiveli said &ldquo;This is a strategic move by FHL, in its best interest as the majority shareholder of Blue Lagoon Cruises.&rdquo; <br/>  <br/>  Currently BLC owns and operates the Mystique Princess and Fiji Princess along the Yasawa Group and visits Lau Group three times a year.<br/>  <br/>  Acting Group CEO, Nouzab Fareed said &ldquo;To date BLC has been struggling due to a challenging and volatile tourism environment, thus we have decided to take the most appropriate strategy to capitalize debt and own more than 90% of BLC&rdquo;.<br/>  <br/>  Mr. Fareed further added that a restructuring plan is on the horizon for BLC in the coming months including a complete refurbishment plan for Mystique Princess.<br/>  <br/>  Following debt capitalization, FHL now owns 93.2% of BLC and the rest is owned by 46 other shareholders. <br/>  <br/>  The Board Directors of BLC are Iowane Naiveli (Chair), Viliame Gavoka, Ulaiyasi Baya, Kemueli Qoro, Rajesh Patel and Nouzab Fareed<br/>  <br style="font-weight: bold;" /><br>  <span style="font-weight: bold;"> 					END</span><br/>  <br/>  <br/>  Chairman &ndash; FHL						Company Secretary<br/>  Dated 13 June 2012<br/>  For more information, please contact:    			Elenoa Lalabalavu<br/>  Phone: (679) 3305017<br/>  Email: info@fijianholdings.com.fj<br />
					
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												<td width="70%"><span class="bodytext">FHL Increases its stake in Blue Lagoon Cruises Ltd</span></td>
												<td width="30%" align="right"><span class="bodytext">27 June, 2012&nbsp;</span></td>
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												<td width="70%"><a class="bodytext" style="text-decoration:none;" href="/pages.cfm/news?newsid=resignation-of-fhl-director-1">Resignation of FHL Director</a></td>
												<td width="30%" align="right"><span class="bodytext">12 June, 2012&nbsp;</span></td>
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