BIL Bil Intl

RNS Number:5060K
BIL International Limited
16 October 2006


BIL INTERNATIONAL LIMITED


BIL FINANCE LIMITED CAPITAL NOTES WITH AN ELECTION DATE OF 15 OCTOBER 2006
("2006 CAPITAL NOTES")

BIL International Limited ("BIL") and BIL Finance Limited wish to announce that
BIL has exercised its option, under condition 4.5 of the conditions applicable
to the 2006 Capital Notes, to purchase for cash on 15 October 2006 (the
"Election Date") the 2006 Capital Notes (those capital notes on issue having an
election date of 15 October 2006).

BIL has today (being the first business day after the Election Date, as the
Election Date falls on a Sunday), paid to the holders for each 2006 Capital Note
an amount equal to the aggregate of the principal amount, accrued and unpaid
interest (if any) as at the Election Date.

BIL's decision to purchase the 2006 Capital Notes is in line with BIL's aim to
reduce group debt. This is also consistent with the approach taken by BIL in
respect of recent Election Dates.

Details of the purchase of the 2006 Capital Notes are as follows:

Class                                     9.25% 15/10/06
ISIN                                      NZBFLD0016S9
Number of Securities acquired             7,210,000
Nominal value of Securities               NZ$1
Total Acquisition Price                   NZ$7,210,000*
Payment type                              Cash and in full
Percentage of total class of Securites    100%
acquired                                  
Total number of Securities of the Class   NIL (all securities acquired are in
in existence after the acquisition        the process of being cancelled)




* Please note that this figure excludes the NZ$333,463 that was paid to 2006
Capital Noteholders today as interest on the principal amount of 2006 Capital
Notes held by a Noteholder.




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

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