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Re: [sharechat] 'BIL International' equation 2002/2003

From:	"DR" <hamish@webmail.visp.co.nz>
Date:	Mon, 4 Nov 2002 20:20:20 +1300

snoopy,

Good analysis but BIL itself claims only the equivalent og $NZ 1.14 /share as at the reporting date.

The following report release in Uk a few minutes ago may be the source of recent Thistle strength.

It looks like the SGX got it earlier today.

BIL International Limited
04 November 2002

MASNET No. 3 OF 04.11.2002

Announcement No. 3

BIL INTERNATIONAL LIMITED

Clarification of newspaper reports

The Board of BIL International Limited ('BIL') notes the press speculation over
the weekend regarding its stake in Thistle Hotels PLC ('Thistle').

BIL wishes to advise that it is not true that BIL is engaged in talks and/or
negotiations with Orb Estates Plc to dispose BIL's 46% stake in Thistle.

Submitted by Jane Teah, Company Secretary on 04/11/2002 to the SGX

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Re: [sharechat] 'BIL International' equation 2002/2003 tennyson@caverock.net.nz

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