Director Shareholding

R.E.A.Hldgs PLC
27 August 2002


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

R.E.A. HOLDINGS PLC

2)  NAME OF DIRECTOR

LIM CHAN LOK

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

NOTIFICATION IN RESPECT OF A BENEFICIAL INTEREST OF LIM CHAN LOK

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

AGUSAN PLANTATIONS INC.

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

NA

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

NOTIFICATION OF INTEREST AT DATE OF APPOINTMENT AS A DIRECTOR

7)  Number of shares/amount of
    stock acquired

£1,380,072 4% CONVERTIBLE LOAN STOCK 2012 AT DATE OF APPOINTMENT

8)   (36%)
    of issued Class



9)  Number of shares/amount
    of stock disposed

NA

10)  ( N/A %)
    of issued Class



11) Class of security

4% CONVERTIBLE LOAN STOCK 2012

12) Price per share

PAR AT TIME OF ISSUE

13) Date of transaction

24 MAY 2002

14) Date company informed

27 AUGUST 2002

15) Total holding following this notification

£1,380,072

16) Total percentage holding of issued class following this notification

36%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

DERRICK EGERTON - 0207 419 0100

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification  27 AUGUST 2002                               




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