Capital Reorganisation

R.E.A.Hldgs PLC
11 June 2001


R.E.A. Holdings plc (the 'company') announces that further to a special
resolution passed at its extraordinary general meeting on 3 May 2001 and to an
order of the High Court dated 6 June 2001, on 8 June 2001 the Registrar of
Companies confirmed the reduction of the company's authorised share capital
from £19,138,483.75 to £12,250,000 by the cancellation of 9,184,645 deferred
shares of 75 pence each.

The company's share capital now comprises 22,000,000 ordinary shares of 25
pence each (of which 12,427,379 have been issued) and 6,750,000 9 per cent.
cumulative preference shares of £1 each of which 5,705,212 have been issued).



Enquiries

Richard Robinow 020 7419 0100

Chairman