COMMUNIQUE

Notice is hereby given to the shareholders of Fincorp Investment Limited and the public that at the Annual Meeting of shareholders held on Tuesday 26^th December 2006, the shareholders, in addition to the ordinary business carried out, have also considered and approved the following :-

1. The proposed amendment to Article 6 of the Articles of Association, allowing the Company to purchase its own shares.

2. That the Company buys back 16,799,520 shares from Lloyds TSB Bank plc at a price of Rs 12 per share.

The buy back of shares will be carried out on the crossing board of the Stock Exchange on the 27^th December, 2006 and the cancellation of these shares will be effected on the settlement date of 3^rd January, 2007. After cancellation of these shares, the total number of shares in issue will fall to 103,355,340.

The total consideration to be paid amounts to Rs 201,594,240 and the costs associated with the purchase will amount to Rs 1,258,768.32.

With the reduced number of shares in issue, current Group earnings per share of Rs 1.48, excluding fair value adjustments, as at 30^th June, 2006, are expected to increase by about 8%, ceteris paribus.

Based on published figures at 30^th June, 2006, net assets per share of Rs 24.64 will increase to Rs 26.89 after the buy-back.

After cancellation of the shares, The Mauritius Commercial Bank Limited will become the majority shareholder of the company with 57.56% of the issued capital of the Company.

By order of the Board

Jean-François Desvaux de Marigny

Secretary

Date 26^th December, 2006

This notice is issued pursuant to Listing Rule 11.3

The Board of Directors of Fincorp Investment Limited accepts full responsibility for the accuracy of the information contained in this notice.