RNS Number:5524Y
BIL International Limited
12 July 2002



MASNET No. 37 OF 12.07.2002
Announcement No. 45



BIL INTERNATIONAL LIMITED



Fraser And Neave Limited :  Sale of 279, 000 Shares



BIL International Limited ("BIL") announces that through its wholly owned
subsidiary, Inscribe Investments Limited, it has sold 279,000 shares of Fraser
and Neave Limited at the price of S$7.85 per share.  BIL now holds 8.958% of the
paid-up capital of Fraser and Neave Limited.



Submitted by Jane Teah, Company Secretary on 12/07/2002 to the SGX



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