Issue of Equity

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

Issue of Equity

Following the announcement by REI on 16 August 2006 that the Company had
acquired a prime retail investment in Paisley, Strathclyde, REI announces that,
on 24 August 2006, it issued to the vendor(s) 2,000,000 new ordinary shares of
1p each in REI ("Ordinary Shares") at a price of 10 pence per share in part
consideration for the acquisition.

An application has been made for the 2,000,000 new Ordinary Shares (which will
rank pari passu with existing Ordinary Shares) to be admitted to trading on AIM
and trading is expected to commence on 5 September 2006.


For further information, please contact:

Real Estate Investors PLC
Peter Lewin, Chairman
Malcolm Lewin, Finance Director
www.reiplc.com
01923 776633

Christopher Joll
mj2 ltd
020 7491 7776

30 August 2006