Result of EGM

10 December 2008

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

                            Result of General Meeting

Real  Estate Investors plc (AIM: RLE), the West Midlands based property company,
is  pleased  to  announce  that  at  the General  Meeting  held  earlier  today,
Shareholders approved the resolution relating to the acquisition of Metro  Court
(WB)  Limited ("Metro Court"), a special purpose vehicle, whose principal  asset
is  a three storey office block located in West Bromwich town centre.  Following
approval, the acquisition has been completed.

Defined terms used in this announcement have the meaning set out in the circular
to shareholders dated 24 November 2008.

Enquiries:
Real Estate Investors plc                               [phone]
Paul Bassi

Smith & Williamson Corporate Finance Limited                [phone]
Azhic Basirov / Siobhan Sergeant

Notes to Editors

1. REI   is   an   AIM  listed  property  investment  and  development   company
   specialising in commercial property throughout the Midlands and Central England
2. REI  is  focused  on  delivering shareholder value through returns  generated
   from  strong  yields and capital enhancements. This is achieved by  targeting
   investments in orphaned, distressed, part-let and underperforming  commercial
   property assets
3. REI's  Board  is led by respected property-entrepreneur Paul Bassi,  who  has
   over 23 years of property experience. Mr Bassi is also founder and chairman of
   Bond Wolfe Auctioneers, one of the UK's largest (top 50) property auction houses
   and estate agents, and chairman of Bigwood Chartered Surveyors
4. REI  was  admitted  to trading on AIM in June 2004.  In  December  2006,  REI
   successfully raised £25 million to aggressively grow its property portfolio, at
   that time, estimated to be worth approximately £28 million.  Paul Bassi is the
   largest shareholder in the Company
5. Further information on REI can be found at www. reiplc.com