AH45 Citi Fun 24

RNS Number:4035W
BIL International Limited
24 May 2002



MASNET No. 120 OF 24.05.2002

Announcement No. 120



BIL INTERNATIONAL LIMITED





INCREASE IN PRICE AND TRADING VOLUME





In response to a query today by the Singapore Exchange regarding the substantial
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.



As previously stated, BIL is an active investment company and it would, in the
ordinary course of its business, continually explore its strategic options and
engage in discussions regarding potential corporate transactions and
opportunities, both over the near term and medium-to-long term, with respect to
its assets and investments with a view to maximising shareholder value.



However, an investor has approached BIL and expressed an interest in making an
investment in certain of BIL's assets. BIL understands that the same investor
has also approached a substantial shareholder to buy a block of BIL shares. At
this stage, all discussions are preliminary and no agreement has been entered
into.



BIL will make the relevant announcement in due course if and when there should
be a concrete development.





Submitted by Jane Teah, Company Secretary on 24/05/2002 to the SGX



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