Issue of Equity

Real Estate Investors PLC
21 March 2005


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

Issue of Equity/Holding in Company

REI announces that on 18 March 2005, it agreed to issue 140,588 shares at 12.75p
per share as part settlement of fees in relation to its recently announced
acquisitions.

An application has been made for the 140,588 new ordinary shares to be admitted
to AIM and trading is expected to commence on 29 March 2005.

Further to the issue of shares to the vendors of 3147398 Limited announced in
January 2005, the Company announces the following interests of over 3% of the
share capital of the Company:

Shareholder                                           Holding in             %
                                                       Company

Matthew Shute                                        1,756,097            4.45
Richard Harvey                                       1,756,097            4.45
Fastbuck Limited                                     2,341,464            5.94


21 March 2005





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