Property Disposal

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

Property Disposal

REI is pleased to announce that on Friday, 30 June, the Company exchanged
unconditional contracts to sell its freehold interest in an office investment in
Newport, Gwent. Originally acquired in February 2005 as part of a portfolio, the
property is let on a long lease to Barclays PLC.

The property has been sold for a cash consideration of £465,000 and has a book
cost of £407,000.

The disposal shows a profit over book cost and a cash surplus of £170,000 (after
costs of disposal and repayment of borrowings) which will be used in REI's
active acquisition
programme.


For further information, please contact:

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

Christopher Joll
mj2 ltd
020 7491 7776

11 July 2006