Corporate Action

R.E.A.Hldgs PLC
11 April 2001

ENTITLEMENT ISSUE
SECURITY TITLE
*Ord Shs, Wts to Subscribe for Ord Shs
MNEMONIC CODE           *RE. / RE.W
SEDOL CODE              *234-906 / 749-789
TERMS                   *3 Offered Shares for every 10 Existing Ordinary
                         Shares or for every 10 Warrants held at 46p
EX DATE                 *11-04-01
RECORD DATE             *30-03-01
SPLITTING APPLICATION FORMS *Info n/a
RECEIPT OF APPLICATION FORMS *Info n/a
DEALING COMMENCE NEW SHARES *Info n/a
NOTES *Awaiting confirmation of dates