Holding(s) in Company

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1) Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

REAL ESTATE INVESTORS PLC

(2) Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights (YES)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (NO)

An event changing the breakdown of voting rights: (NO)

Other (please specify): (NO)

(3) Full name of person(s) subject to the notification obligation:

CALEDONIA INVESTMENTS PLC

(4) Full name of shareholder(s) (if different from (3)):

(5) Date of the transaction and date on which the threshold is crossed or
reached (if different):

15 January 2008

(6) Date on which issuer notified:

15 January 2008

(7 ) Threshold that is crossed or reached:

18%

(8) Notified details:

A: Voting rights attached to shares

Class/type   Situation previous
of shares    to the Triggering          Resulting situation after the triggering transaction
             transaction

using the    Number     Number of    Number      Number of
ISIN code    of         Voting       of          Voting                 % of voting
             Shares     Rights       Shares      Rights                 rights
                                     Direct      Direct      Indirect   Direct  Indirect
ORDINARY     60,595,000 60,595,000   62,195,000  62,195,000  N/A        18.25%
SHARES
GB00B014B855

B: Financial instruments

Resulting situation after the triggering transaction
Type of          Expiration  Exercise /   Number of       % of voting
Financial        Date        Conversion   voting rights   rights
Instrument                   Period /     that may be
                             Date         acquired is
                                          the instrument
                                          is exercised /
                                          converted

N/A

Total (A+B)

Number of voting rights       % of voting rights
62,195,000                    18.25%


(9) Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Proxy Voting:

(10) Name of the proxy holder:

N/A

(11) Number of voting rights proxy holder will cease/acquire to hold:

N/A

(12) Date on which proxy holder will cease/acquire to holding voting rights:

N/A

(13) Additional information:

(14) Contact name:

MS JAY MUNIAN

(15) Contact number:

0207 802 8080