RNS Number:7062O
Riceman Insurance Investments PLC
31 July 2000



"Riceman has posted its Annual Report and Accounts for the year to 21 January
2000 to shareholders.  Further copies are obtainable from:

     Riceman Insurance Investments plc
     Ibex House
     42/47 Minories
     London
     EC3N 1DY

"The Annual Report shows turnover for the above period of #317,048 (1999 -
#381,741) and a loss after tax of #252,124 (1999 - loss #1,134,973)

"The Annual Report also shows that a substantial shareholder Intersettle:
Omnibus Ordinary Account has increased its holding from 3,890,000 to 3,990,653
shares (6.05% of the issued share capital)."
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