AH45 Citi Fun 24

RNS Number:0566W
BIL International Limited
17 May 2002




MASNET No. 2 OF 17.05.2002
Announcement No. 2



BIL INTERNATIONAL LIMITED

INCREASE IN PRICE AND TRADING VOLUME

In response to a query yesterday by the Singapore Exchange regarding the
increase in price and trading volume, BIL International Limited ("BIL") has
advised that it is not aware of any material information which might have
contributed to the increase in price and trading volume of its securities.

Also, in response to media reports released yesterday afternoon and this
morning, BIL would like to clarify that it has not mandated any financial
institutions in relation to any placement of its Fraser & Neave shares.

Submitted by Jane Teah, Company Secretary on 17/05/2002 to the SGX


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