RIN Rii

RNS Number:2753F
RII PLC
16 November 2004



FOR IMMEDIATE RELEASE 16 November 2004

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

The Board of RII plc announces that, following instructions from a holder of
#20,000 Unsecured Zero Coupon Convertible Loan Notes 2011 ("Loan Notes"), it
agreed on 15 November 2004 to allot 5,797,101 ordinary shares of 0.1p at 0.345p
per share in accordance with the terms of the Loan Note Instrument.

The resulting holding of 5,797,101 ordinary shares represents 4.32% of the
enlarged issued share capital.

Application has been made for a total of 5,797,101 ordinary shares of 0.1p for
admission to trading on AIM.

Name of contact and telephone number for queries:
Jeremy Gorman, Company Secretary - 020 7935 0027

For and on behalf of RII PLC
Jeremy Gorman
Company Secretary

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

END
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