RIN Rii

RNS Number:6140X
RII PLC
14 April 2004


FOR IMMEDIATE RELEASE                            14 April 2004


                                    RII PLC

                Result of Extraordinary General Meeting ("EGM")

The Company announces that at the EGM held on 4 April 2004 and further to the
announcement of 4 March 2004, the resolutions necessary for the placing of
ordinary shares and loan notes to raise #450,000 before expenses were passed.

The Placing of #355,000 Unsecured Convertible Loan Stock has now been completed
by the Company and new Ordinary shares amounting to 27,536,231 and representing
29.5% of the total enlarged issued share capital have been placed with Peter
Bullen, Chartered Accountants, a/c Michael Edwards.

Application will be made in due course for the new Ordinary Shares now being
placed to be traded on the Alternative Investment Market of the London Stock
Exchange. The new Ordinary Shares will rank pari passu with the existing
ordinary shares in issue.

Enquiries:

Robert Stubbs, Chairman, RII PLC, 020 7355 4071

Roland Cornish, Chairman, Beaumont Cornish Limited, 020 7628 3396




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

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