Pre-emption Offers to Shareholders

-0.22640951.494069W6 0LG2004-05-312005-03-212005-02-172005-02-24W60LGCompanies Act 1985The London Borough of Hammersmith and FulhamTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211,

(Registered in England No 2932641)


Notice is hereby given, pursuant to the provisions of section 90(5) of the Companies Act 1985, to persons registered as holders of Ordinary and Participating Preference Shares of KW International Limited (“the Company”) at the close of business on 17 February 2005, who have no registered address within the United Kingdom and who have not supplied an address within the United Kingdom to the Company for the giving of notices to them (“Relevant Shareholders”), that the following documents (being copies of the documents which were despatched to Shareholders on Thursday 24 February 2005) in connection with and constituting the offer by way of rights (“the Rights Issue”) of up to 2,500,000 Ordinary Shares of 1 pence each of the Company payable in cash in full on application at 5 pence per share (the “New Ordinary Shares”) on the basis of 0.184 New Ordinary Shares for every one Ordinary Share held at the close of business on 17 February 2005, may be inspected at or (subject as below provided) obtained on personal application by or on behalf of Relevant Shareholders from the Company Secretary at The Triangle, 5 Hammersmith Grove, London W6 0LG, during usual business hours on any weekday (Saturdays and public holidays excepted) up to and including 3.00 pm on Monday 21 March 2005: 1. the circular in connection with the Rights Issue; 2. the application form in respect of the New Ordinary Shares; and 3. the financial statements of the Company for the year ended 31 May 2004. By Order of the Board. S Williamson, Secretary Registered Office: The Triangle, 5 Hammersmith Grove, London W6 0LG. 24 February 2005.