Directorate change

Real Estate Investors PLC ("REI" or "the Company") Director's Dealings REI announces that on 26 and 27 June 2006, Malcolm Lewin, a director of the Company, made the following disposals of ordinary shares in the Company. Number of Price per Shares Share 400,000 9.875p 250,000 9.75p 100,000 9.50p Following these transactions, Malcolm Lewin no longer holds shares in the Company. 27 June 2006
UK 100

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