RNS Number:2622P
London Forfaiting Company PLC
01 September 2003


To:         The Directors
            London Forfaiting Company Plc
            International House
            1 St. Katherine's Way
            London E1W 1XA

                                                                1 September 2003



Dear Sirs



1       Notification concerning interests in shares



1.1     This notification is sent by FIMBank (UK) Limited, on behalf of itself 
        and the persons set out in paragraphs 1.2.1 to 1.2.5 below, for the 
        purposes stated in paragraph 1.2 below.

1.2     The persons set out below (the "Interested Persons") hereby give notice 
        to London Forfaiting Company Plc ("LFC") pursuant to, and for the 
        express purpose of discharging the disclosure obligations stipulated by, 
        the provisions of sections 198 to 202 of the Companies Act 1985 
        (the "Act"), of the matters referred to in paragraph 3 below
        arising out of the transaction referred to in paragraph 2.2 below.



1.2.1   FIMBank (UK) Limited ("FIMBank UK");



1.2.2   First International Merchant Bank p.l.c ("FIMBank plc");



1.2.3   Global Financial Holdings NV ("GFH");



1.2.4   Kuwaiti Interests for Financial Investments ("KIFI"); and



1.2.5   Kuwaiti Interests for Development Holding KSC ("KIDH").



1.3     The registered addresses of each of the Interested Persons are as 
        follows:



1.3.1   FIMBank (UK) Limited

        134 Wigmore Street,

        London W1U 3SE



1.3.2   First International Merchant Bank plc

        7th Floor,

        The Plaza Commercial Centre,

        Bisazza Street,

        Sliema, SLM15

        Malta



1.3.3   Global Financial Holdings NV

        Caracasbaaiweg 199,

        Curacao,

        Netherlands,

        Antilles



1.3.4   Kuwaiti Interests for Financial Investments

        Chamber of Commerce Building,

        3rd Floor,

        P.O. Box 719 Al Safat,

        Zip Code 13008

        Kuwait



1.3.5   Kuwaiti Interests for Development Holding KSC

        The Kuwait Chamber of Commerce Building

        3rd Floor

        Al-Shuahada Street

        Sharq Commercial Area

        9 Kuwait



2       The Transaction



2.1     For your information, FIMBank UK is a wholly owned subsidiary of 
        FIMBank plc.  GFH owns a 33.91 per cent. shareholding in FIMBank plc, 
        and is a wholly-owned subsidiary of KIFI.  KIFI is a family
        investment company and is owned as to 99.4 per cent by KIDH.

        
2.2     On 22 July 2003, WestLB Panmure Limited ("WestLB") made an offer 
        (the "Offer") on behalf of FIMBank UK to acquire the entire issued and 
        to be issued share capital of LFC.  The Offer was declared unconditional 
        in all respects on 28 August 2003.



3       Levels of shareholdings


        By virtue of the level of acceptances received at the date upon which 
        the Offer was declared unconditional in all respects, each of the 
        Interested Persons has become interested in 68,234,824 ordinary shares 
        of 40 pence each comprised in the relevant share capital of LFC.  As at 
        28 August, these shares were registered in the names of the shareholders 
        who had at that date accepted the Offer.  None of the shares in which 
        any of the Interested Persons is interested is by virtue of section 
        208(5) of the Act.



Yours faithfully

FIMBank (UK) Limited

First International Merchant Bank plc

Global Financial Holdings NV

Kuwaiti Interests for Financial Investments

Kuwaiti Interests for Development Holdings KSC



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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