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White Knight Inv PLC (PAF)

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Wednesday 28 November, 2001

White Knight Inv PLC

Holding in Company

White Knight Investments PLC
28 November 2001

White Knight Investments plc ('the Company')

For immediate release

Cancellation of options over Ordinary Shares of 1p each

The Company announces that  options to subscribe for 7,200,000 Ordinary Shares
in the Company at  price of 4p per share, previously granted to former
directors and to a member of the investment advisory committee, have either
lapsed or been surrendered.

Enquiries:      Nathan Steinberg
                Finance Director, White Knight Investments plc
                020 7409 3500