AH45 Citi Fun 24

RNS Number:6142Y
BIL International Limited
15 July 2002



MASNET No. 44 OF 15.07.2002

Announcement No. 44



BIL INTERNATIONAL LIMITED


Fraser And Neave Limited :  Sale of 253, 500 Shares


BIL International Limited ("BIL") announces that through its wholly owned
subsidiary, Inscribe Investments Limited, it has sold 253,500 shares of Fraser
and Neave Limited at the price of S$7.85 per share.  BIL now holds 8.863% of the
paid-up capital of Fraser and Neave Limited.



Submitted by Jane Teah, Company Secretary on 15/07/2002 to the SGX



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