AH45 Citi Fun 24

RNS Number:4801Y
BIL International Limited
11 July 2002



MASNET No. 25 OF 11.07.2002
Announcement No. 25


   BIL INTERNATIONAL LIMITED



Fraser And Neave Limited :  Sale of 283, 000 Shares


BIL International Limited ("BIL") announces that through its wholly owned
subsidiary, Inscribe Investments Limited, it has sold 283,000 shares of Fraser
and Neave Limited at the price of S$7.85 per share.  BIL now holds 9.063% of the
paid-up capital of Fraser and Neave Limited.


Submitted by Jane Teah, Company Secretary on 11/07/2002 to the SGX



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