Director Option

R.E.A.Hldgs PLC
24 May 2002


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


Further to the company's announcement of 26 April 2002, and following the
company's extraordinary general meeting held on 22 May 2002, R.E.A Holdings plc
announces the grant of an option to John Oakley, a director of the company, to
subscribe up to one million new ordinary shares of 25 pence nominal at a
subscription price of 45 pence per new ordinary share.  The option is
exercisable at any time and from time to time during the period commencing on 22
May 2004 and ending on 21 May 2012.



ENDS

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