Director Shareholding

R.E.A.Hldgs PLC
9 September 2002

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    R.E.A. HOLDINGS PLC

2)  NAME OF DIRECTOR

    LIM CHAN LOK

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest
   
    NOTIFICATION OF A BENEFICIAL INTEREST OF LIM CHAN LOK

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    AGUSAN PLANTATIONS INC.

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    NA

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    FURTHER NOTIFICATION OF INTERESTS AT DATE OF APPOINTMENT AS A DIRECTOR ON
    27 AUGUST 2002

7)  Number of shares/amount of
    stock acquired

    150,000 ORDINARY SHARES OF 25p
    £40,500 CONVERTIBLE LOAN STOCK 2012
      
8)   of issued Class
   
     1.2% OF ORDINARY SHARES
     1.1% OF CONVERTIBLE LOAN STOCK


9)  Number of shares/amount
    of stock disposed

    NA

10)  ( N/A %)
    of issued Class



11) Class of security

    SEE NO.7 ABOVE

12) Price per share

    45p PER SHARE
    £1 PER £1 UNIT OF LOAN STOCK

13) Date of transaction

    25 JUNE 2002 FOR BOTH ACQUISITIONS (PRIOR TO MR LIM CHAN LOK's APPOINTMENT
    AS A DIRECTOR)

14) Date company informed

    5 SEPTEMBER 2002

15) Total holding following this notification

      150,000 ORDINARY SHARES OF £1
    1,420,572 CONVERTIBLE LOAN STOCK 2012

16) Total percentage holding of issued class following this notification

      1.2% OF ORDINARY SHARES
     37.4% OF CONVERTIBLE LOAN STOCK

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

     DERRICK EGERTON  020 7419 0100

25) Name and signature of authorised company official responsible for
    making this notification   

    Date of Notification    9 SEPTEMBER 2002                             


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