Further re Open Offer

R.E.A.Hldgs PLC
29 April 2002

R.E.A. Holdings plc

Further to the Company's announcement of 26 April 2002, in relation to the open
offer of £3.8 million of 4% convertible loan stock, the expected timetable for
the open offer is as follows: (all dates are 2002):

Record date:          24 April

Latest time and date for splitting application forms:    3:00 p.m. on 17 May

Latest time and date for receipt of application forms:   3:00 p.m. on 21 May

Listing effective and dealings commence:     23 May

CREST accounts credited:     23 May

Definitive loan stock certificates despatched:          29 May

Words and expressions in this announcement shall bear the same meanings as
defined in the announcement of 26 April.



ENDS



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