AGM Statement

R.E.A.Hldgs PLC
05 June 2007


Annual General Meeting of R.E.A. Holdings plc ('REA')


Trading update

The crop of oil palm fresh fruit bunches to end May 2007 amounted to 132,400
tonnes against a budget of 132,600 tonnes. Extraction rates are also running in
line with budget. Current cropping levels suggest that the operations have now
recovered from the cyclic crop depression that commenced in the second half of
2006.

Rainfall to end May amounted to an average 2,380 mm across the operations. This
was materially higher than the 1,720 mm recorded in the corresponding period of
2006. Heavy flooding occurred in the month of May but, with the group's second
factory now operational, the disruptions to harvesting and crop transport that
such flooding has caused in the past were avoided.

Revenues are running ahead of budget as a result of the increasing world market
price of crude palm oil ('CPO'). This has risen from slightly over US$ 600 per
tonne, CIF Rotterdam, at the start of the year to a current level of over US$
800 per tonne. Some Indonesian government ministers have recently expressed
concern over the effect that the current high world price of CPO is having on
the price of cooking oil in the Indonesian domestic market. This has led to
speculation that the rate at which export tax is levied on Indonesian exports of
CPO may be materially increased. Indonesian CPO producers have proposed that, in
lieu of an export tax, the producers should volunteer to sell a proportion of
their production in the domestic market at a price agreed with the Government.
If agreed, it is thought that this would result in the group selling in the
region of 500 tonnes per month at an FOB price equivalent (at current exchange
rates) to some $630 per tonne.

The directors will comment on their expectations as regards dividends in respect
of 2007 when the interim results for the year are announced. Whilst the current
level of revenues is encouraging, the group remains committed to a major
programme of capital expenditure and this continues to make substantial demands
on the group's cash resources.


Resolutions passed at the REA annual general meeting

All of the resolutions set out in the notice of the REA annual general meeting
dated 2 May 2007 were duly passed. Copies of the three resolutions passed as
special business (which have provided replacement authorities for the allotment
of relevant securities and a fresh authority under section 95 of the Companies
Act 1995 regarding the issue of ordinary shares for cash) have been submitted
to, and will shortly be available for inspection at, the UK Listing Authority's
Document Viewing Facility at:

Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London,
E14 5HS
Telephone: [phone]

A total of 32,573,856 ordinary shares of REA were eligible to vote at the annual
general meeting with each ordinary share carrying one vote on a poll. Proxies
were received for use in connection with the annual general meeting with the
following instructions (treating proxies giving discretion to the chairman as a
'for' instruction):

Resolution (number and subject matter)          For   Against    Abstain

1 Annual report                          20,142,021    13,719     49,350
2 Directors' remuneration report         17,836,221         -  2,368,869
3 Re-election of R M Robinow             19,833,512    87,719    283,859
4 Re-election of J M Green-Armytage      20,112,121    74,000     18,969
5 Re-election of J R M Keatley           19,225,348   956,496     23,246
6 Re-election of D H R Killick           20,142,021    44,100     18,969
7 Re-election of L E C Letts             20,107,844    74,000     23,246
8 Auditors                               20,186,121    13,719      5,250
9 Allotment of ordinary shares           20,198,669         -      6,421
10 Allotment of preference shares        20,198,669         -      6,421
11 Cash issues of ordinary shares        20,198,669         -      6,421




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