Re Agreement

RNS Number:1685M
KeyWorld Investments PLC
11 June 2003



                            KeyWorld Investments Plc

      KeyWorld Bondholders to access RCI's accommodation in 3,700 Resorts


RCI Europe (RCI) and KeyWorld Investments plc (KeyWorld) are pleased to announce
that they have reached an agreement whereby RCI, the leading timeshare exchange
and travel services organisation, will provide accommodation exchange and club
member services to the purchasers of the KeyWorld Bond, a leisure investment
product that KeyWorld expects to launch in the fourth quarter of 2003.


Purchasers of the KeyWorld Bond will be provided with an annual allocation of
KeyPoints, which will be refundable on a one for one basis with RCI Points,
thereby enabling the holders to use holiday accommodation in any of the 3,700
resorts in 100 countries that are affiliated with RCI, subject to RCI's terms
and conditions. In addition to the annual allocation of KeyPoints and membership
in the KeyWorld Club, the Bond is intended to return the purchaser's initial
investment at the end of 30 years.


"KeyWorld is pleased to be associated with the global leader in accommodation
exchange and club member services. We were particularly impressed with RCI's
innovative approach to providing services designed for our unique requirements,"
states KeyWorld CEO, Todd Knobel.


Preben Vestdam, President and Chief Executive Officer of RCI Europe, commented
"This initiative will appeal to a wide range of consumers who see the KeyWorld
Bond as an innovative, asset backed travel and leisure product. It is also a
great leap forward for the timeshare industry, in terms of its increasing
profile within the travel sector and the valuable contribution it makes to the
travel and tourism industry."


For further information, contact:

Todd Knobel, CEO of KeyWorld Investments Plc
Tel: [phone]

11 June 2003


Media enquiries:

Richard Robinson, Marshall Robinson Roe
Tel: [phone] or [phone]


About KeyWorld

KeyWorld Investments plc has pioneered a holiday investment product, the
KeyWorld Bond, which aims to provide investors with 30 years of holiday
accommodation for a single investment. Primary distribution of the KeyWorld Bond
will be through Independent Financial Advisory firms. KeyWorld's shares are
traded on the Alternative Investment Market (AIM) of the London Stock Exchange.


About RCI

RCI is a global provider of leisure travel services to businesses and consumers,
with market leadership positions in vacation property exchange and rental, and
resort management. As a growth partner to its business clients, RCI leverages
core competencies in branding, networking and partnering to unlock the value of
leisure assets in vacation ownership, real estate, hospitality and travel and
tourism. Based in Parsippany, N.J., RCI is a subsidiary of the Cendant
Corporation.



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