RIN Rii

RNS Number:1357E
RII PLC
15 October 2004


FOR IMMEDIATE RELEASE                                            15 October 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 October 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 4.73% 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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