RIN Rii

RNS Number:7530D
RII PLC
05 October 2004


FOR IMMEDIATE RELEASE                                             5 October 2004

                                    RII plc
                            ("RII" or the "Company")


The Board of RII plc announces that, following instructions from a holder of
#50,000 Unsecured Zero Coupon Convertible Loan Notes 2011 ("Loan Notes"), it
agreed on 4 October 2004 to allot 14,492,753 ordinary shares of 0.1p at 0.345p
per share in accordance with the terms of the Loan Stock Instrument.

The resulting holding of 14,492,753 ordinary shares represents 12.74% of the
enlarged issued share capital.

Following this conversion, a total of 20,289,854 ordinary shares has been
allotted to date following the conversion of Loan Notes.

Application has been made for a total of 20,289,854 ordinary shares of 0.1p for
admission to trading on AIM.


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

END
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