Sale of 7 Bedford Square

R.E.A.Hldgs PLC
14 May 2001

R.E.A. Holdings plc ('the company') announces that on Friday 11 May 2001, it
completed the sale of the property at 7 Bedford Square, London as described in
the company's announcement of 10 April 2001.

Following the sale of 7 Bedford Square, and with immediate effect, the company
has relocated its registered and head office to newly leased premises at Third
Floor, 40-42 Osnaburgh Street, London NW1 3ND.