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Monday 31 July, 2006

Knightsbridge Int.II

Redemption of Shares

Knightsbridge Integrated Hldgs II
31 July 2006


For Immediate Release                              July 31, 2006


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
7,320                              $1,088.66                          July 31, 2006

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                                                                                                                                      

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