Director/PDMR Shareholding

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

Director's Dealing

REI announces that on 18 September 2006, Paul Bassi, a director of the Company,
purchased 50,000 ordinary shares of 1p each in the Company ("Ordinary Shares")
at a price of 8.5p per share.  Mr Bassi's investments are through Bond Wolfe
Assets Limited, of which he is executive chairman and sole shareholder.

As a result, Mr Bassi's total beneficial holding in the Company is 12,475,000
Ordinary Shares representing 13.75 per cent. of the issued share capital of REI.

4 October 2006