Result of EGM

22 February 2010


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

                     Result of Extraordinary General Meeting

Real  Estate Investors PLC (AIM:RLE), the West Midlands based property  company,
today  announces that at the extraordinary general meeting held  earlier  today,
all resolutions were duly passed.

As  a  result, the placing of 155,309,834 new ordinary shares at a price of  6.5
pence  per ordinary share, raising gross proceeds of £10.1 million (£9.7 million
net),  is now conditional on the admission to trading on AIM of the new ordinary
shares which is expected to commence on Thursday, 25 February 2010.

Paul  Bassi,  Chief Executive of REI, commented: "We are delighted to  have  had
such  a  positive response to the fundraising. These new funds represent a  very
significant  step  forward  for REI and creates a  strong  platform  for  future
growth."

In  addition, the Company's new Articles of Association and new Investing Policy
have  been  approved by Shareholders and both are now available on the Company's
website at www.reiplc.com.



                                     - End -

Enquiries:

Real Estate Investors PLC          [phone]
Paul Bassi

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

Singer Capital Markets    Limited  [phone]
Roger Clarke

Tavistock Communications           [phone]
Jeremy Carey/Gemma Bradley



Notes to Editors

1. REI is an AIM listed property investment company specialising in commercial
   property principally in the West 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 is led by respected property investor Paul Bassi CBE, who has over  25
   years of property experience in the West Midlands. Mr Bassi is also founder and
   chairman of Bond Wolfe 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 grow its property portfolio.   In  January
   2008, it raised a further £20 million through refinancing its portfolio.  As at
   30 June 2009, its portfolio and inventories were valued at £49 million
5. Further information on REI can be found at www.reiplc.com