Conversion of Securities

R.E.A.Hldgs PLC
05 July 2005


R.E.A. Holdings plc ('the Company')

Conversion Notice

The Company has received conversion notices from holders of £6,810 nominal of
the 4 per cent. Convertible Loan Stock 2012. Accordingly the Company has
allotted 12,849 Ordinary Shares of 25p each, subject to admission of the shares
to the Official List of the UK Listing Authority and to the London Stock
Exchange's market for listed securities.

In this connection application has been made for listing of 12,849 Ordinary
Shares to the UK Listing Authority for admission to the Official List and to the
London Stock Exchange for admission to trading on its market for listed
securities. It is expected that admission will become effective and dealings
will commence in the 12,849 Ordinary Shares on or around 8 July 2005.


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