Statement re. Suspension

17 Jan 2005 13:00

RII PLC17 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 priceand the press speculation that the Company is shortly to announce a transactionwhich, under the AIM Rules, would amount to a "reverse takeover". RII announces that it is currently in the process of completing such atransaction, and so, in the interests of an orderly market, has requested theLondon Stock Exchange to suspend the trading in the Company's shares withimmediate effect. The Company will make a further announcement shortly. This information is provided by RNS The company news service from the London Stock Exchange