RNS Number:4469H
RII PLC
17 January 2005


FOR IMMEDIATE RELEASE                                            17 January 2005

                                    RII PLC
                            ("RII" or the "Company")

The Board of RII has noted both today's movement in the Company's share price
and the press speculation that the Company is shortly to announce a transaction
which, under the AIM Rules, would amount to a "reverse takeover".

RII announces that it is currently in the process of completing such a
transaction, and so, in the interests of an orderly market, has requested the
London Stock Exchange to suspend the trading in the Company's shares with
immediate effect.

The Company will make a further announcement shortly.



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

END
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