Issue of Equity

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

Issue of Equity

REI announces that on 26 June 2006, it agreed to issue 150,000 ordinary shares
in the Company ("Ordinary Shares") at 10.5p per share and 73,130 Ordinary Shares
at 10.0p per share as part settlement of fees in consideration for services
provided to the Company.

An application has been made for the 223,130 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 3 July 2006.


27 June 2006