Holding(s) in Company

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

Notifiable Interests

The Company received notification on 23 January 2007 of the notifiable interests
of ordinary shares of 1p each in REI ("Ordinary Shares") set out below.

Shareholder                     Notes    Ordinary     Percentage
                                           Shares      of Issued
                                             Held          Share
                                                         Capital

Caledonia Investments plc        1     39,475,000         11.59%

Friends Provident                      27,000,000          7.92%
International

Notes:
1) The Cayzer Trust Company Limited, a substantial shareholder in Caledonia
   Investments plc, is also deemed to be interested in the above shares.


24 January 2007