Knightsbridge Int.II

Redemption of Shares

Knightsbridge Integrated Hldgs II
31 July 2007

                                        COMPANY ANNOUNCEMENT

For Immediate Release                                                                   July 31, 2007


                                      RE: Redemption of Shares

The Board of Directors (the 'Board') of Knightsbridge Integrated Holdings II
Limited (the 'Company') wish to announce that Participating Shares in the
amounts and at the redemption prices set forth below shall be redeemed by the
Company on a pro rata basis, based on the number of outstanding Participating
Shares held by each shareholder and that in accordance with the Articles of
Association one non-voting Nominal Share be issued to a Director at Par for each
share redeemed.

Total Shares to be Redeemed        Redemption Price per Share         Record Date for Payment of Related
                                                                      Return of Share Premium
6,710                              $1,243.05                          July 31, 2007

The redemption will not result in any change in the respective percentage
ownership of Participating Shares among the shareholders or in their respective
proportionate interests in the Company.


Knightsbridge Advisers Inc                                                                 Ms Ellen Heald

                                                                                     Phone: +918 336 0978

NCB Stockbrokers Limited                                                               Ms Margot McDonagh

                                                                                   Phone: +353 1 611 5907

This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.

                      This information is provided by RNS
            The company news service from the London Stock Exchange