PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE

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MILLENIUM MANAGEMENT, LLC
155 N. Lake Avenue, Suite 1000
Pasadena, CA  91101

CONTACT: Stacey McClain, (626) 585-5920


FOR IMMEDIATE RELEASE


     PASADENA,  CALIFORNIA,  July 8,  2003 -  Millenium  Management,  LLC  today
announced that it has extended the  expiration  date of its  outstanding  tender
offer for 80 units of limited  partnership  interest in Wilder Richman  Historic
Properties II, L.P. The  expiration  date for the tender offer has been extended
to 5:00 p.m.,  Los  Angeles  time,  on  Wednesday,  July 9, 2003.  The offer was
previously scheduled to expire at 5:00 p.m., Los Angeles time, on Tuesday,  July
8, 2003.  Everest  reported that  approximately  62 units have been deposited to
date in response to the offer.