Acquisition

Real Estate Investors PLC ("REI" or "the Company")

Acquisition

REI announces that on  4 August 2006 the Company concluded missives for the
purchase of the heritable interest in a prime retail investment in Paisley,
Strathclyde town centre.

The property is let in its entirety, on a long lease, to Stead & Simpson
Limited, at a rent of £74,500 per annum and provides two retail shops, with
office and residential upper parts.

The total consideration for the acquisition is £1,100,000 which will be paid as
to £900,000 in cash and the balance by the issue to the vendor(s) of 2,000,000
new ordinary shares of 1p each in REI at a price of 10 pence per share.


For further information, please contact:

Real Estate Investors PLC
Peter Lewin, Chairman
Malcolm Lewin, Finance Director
www.reiplc.com
01923 776633

Christopher Joll
mj2 ltd
020 7491 7776

16 August 2006