RIN Rii

RNS Number:0338E
RII PLC
13 October 2004



FOR IMMEDIATE RELEASE                                            13 October 2004

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


The Board of RII plc announces that, following instructions from a holder of
#10,000 Unsecured Zero Coupon Convertible Loan Notes 2011 ("Loan Notes"), it
agreed on 12 October 2004 to allot 2,898,550 ordinary shares of 0.1p at 0.345p
per share in accordance with the terms of the Loan Note Instrument.

The resulting holding of 2,898,550 ordinary shares represents 2.48% of the
enlarged issued share capital.

Application has been made for a total of 2,898,550 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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