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White Knight Inv PLC (PAF)

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Thursday 15 November, 2001

White Knight Inv PLC

Holding in Company

White Knight Investments PLC
14 November 2001

White Knight Investments plc ('the Company')

For immediate release

Options over Ordinary Shares of 1p each

Mr Erik Wachtmeister, who stood down as a director following the Annual
General Meeting on 24 August 2001, has surrendered options to subscribe for
8,000,000 Ordinary Shares in the Company at  price of 4p per share. The
Company was advised on 6 November 2001

14 November 2001