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):

13 SEPTEMBER 2007

(6) Date on which issuer notified:

14 SEPTEMBER 2007

(7) Threshold that is crossed or reached:

15%

(8) Notified details:

A: Voting rights attached to shares

Class/type    Situation
of            previous to the
shares        Triggering               Resulting situation after the
              transaction              triggering transaction
                          Number of
using the     Number of   Voting        Number      Number of            Percentage
ISIN code     Shares      Rights        Shares      Voting               of Voting
                                                    Rights               Rights
                                        Direct      Direct     Indirect  Direct   Indirect

ORDINARY      50,900,000  50,900,000    51,300,000  51,300,000  N/A      15.05%    N/A
SHARES
GB00B014B855



B: Financial instruments

N/A

Total (A+B)
Number of voting rights       % of voting rights
51,300,000                    15.05%


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

N/A

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:

020 7802 8080