Acquisition

1 October 2007

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

Director's Dealing

REI  announces that on 28 September 2007, Paul Bassi, a director of the Company,
acquired an economic interest only in 150,000 ordinary shares of 1p each in  the
Company  ("Ordinary  Shares")  at a price of  10.75p  per  share  by  way  of  a
derivative  financial  instrument with Kaupthing Singer  &  Friedlander  Capital
Markets Limited.

As a result, Mr Bassi's total interest in the Company is now 59,654,493 Ordinary
Shares representing 17.51 per cent. of the issued share capital of REI.

For further information please contact:

Real Estate Investors PLC                   0121 553 3414
Paul Bassi, Chief Executive

Smith & Williamson Corporate Finance        020 7131 4000
Limited
Azhic Basirov
Siobhan Sergeant