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Wednesday 02 October, 2002

Knightsbridge Int.II

Return of Share Premium

Knightsbridge Integrated Hldgs II
02 October 2002


                              COMPANY ANNOUNCEMENT


For immediate Release                                            October 2, 2002


                 KNIGHTSBRIDGE INTEGRATED HOLDINGS II LIMITED


                          Re: Return of Share Premium


The Directors of Knightsbridge Integrated Holdings II Limited (the 'Company')
wish to announce that the Company distributed US$20,000 per Unit (each
comprising 1,000 shares of the Company).  The payment date was September 24,
2002.

Enquiries:

Knightsbridge Advisers Incorporated             Ms Ellen Heald
                                                Phone (+1 918) 336 0978

NCB Stockbrokers Limited                        Ms. Tara O'Grady
                                                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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