Conversion of Securities

R.E.A.Hldgs PLC
04 July 2003



REA Holdings plc ('the Company')

Conversion Notice


On 3 July 2003 the Company announced it had received conversion notices from
holders of £14,556 nominal of the 4 per cent. Convertible Loan Stock 2012 and
that it has allotted 27,460 Ordinary Shares of 25p each, subject to admission of
the shares to the Official List of the UK Listing Authority and to the London
Stock Exchange's market for listed securities.

It has subsequently come to light when calculating the shares to be allotted no
account was taken of fractional entitlements which totalled 4 new ordinary
shares. The Company has amended the number of Ordinary Shares of 25p to be
allotted from 27,460 to 27,464.

Amended documents have been submitted to the relevant authorities to enable
application to be made for listing of 27,464 Ordinary Shares (and not 27,460
Ordinary Shares as stated previously) to the UK Listing Authority for admission
to the Official List and to the London Stock Exchange for admission to trading
on its market for listed securities.


It is expected that admission will become effective and dealings will commence
in the 27,464 Ordinary Shares of 25p on 9 July 2003.

                      This information is provided by RNS
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