Director Shareholding

R.E.A.Hldgs PLC
18 March 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company

R.E.A. Holdings plc

2. Name of director

Mr. R.M. Robinow, Mr. J. C. Oakley, Mr. J. M. Green-Armytage  
Mr. J.R.M. Keatley, Mr. L.E.C. Letts, Mr C. L. Lim

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 a non-beneficial
interest

All beneficial.

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

Mr. R. M. Robinow
Ward Nominees (Mayfair) Limited a/c 406913 - 5,076 Ordinary Shares
Ward Nominees (Mayfair) Limited a/c 407205 - 9,031 Ordinary Shares
R.M. Robinow  & J. J. Robinow - 242 Ordinary Shares

Mr. J. C. Oakley
Own name - 4,184 Ordinary Shares
Proprietary Trustees Limited - 4,939 Ordinary Shares

Mr. J. M. Green-Armytage
Own name - 10,980 Ordinary Shares

Mr. J. R. M. Keatley
Own name - 5651 Ordinary Shares
N.P.K. Holdings Limited - 66,776 Ordinary Shares

Mr. L. E. C. Letts
Own name - 15,273

Mr C. L. Lim
Agusan Plantations Inc - 25,000 Ordinary Shares

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




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

Take up by the Directors in connection with Placing and Open Offer

7. Number of shares / amount of stock acquired

Mr R. M. Robinow - 14,619 Ordinary Shares
Mr J. C. Oakley - 9,123 Ordinary Shares
Mr J. M. Green-Armytage - 10,980 Ordinary Shares
Mr J. R. M. Keatley - 72,427 Ordinary Shares
Mr L. E. C. Letts - 15,273 Ordinary Shares
Mr C.L. Lim - 25,000 Ordinary Shares

8. Percentage of issued class

Mr   R M Robinow - 0.08%
Mr  J.C. Oakley-0.05%
Mr. J M Green Armytage -0.06%
Mr  J R M Keatley - 0.4%
Mr  L.E.C. Letts- 0.08%
Mr  C. L. Lim - 0.1%

9. Number of shares/amount of stock disposed




10. Percentage of issued class






11. Class of security






12. Price per share


73p per share



13. Date of transaction


18 March 2003 date new Ordinary Shares were listed



14. Date company informed

Various dates prior to 18 March 2003, date new Ordinary Shares were listed

15. Total holding following this notification

Mr R. M. Robinow - 109,719 Ordinary Shares
Mr J. C. Oakley -61,633 Ordinary Shares
Mr J. M. Green-Armytage - 55,861 Ordinary Shares
Mr J. R. M. Keatley - 520,980 Ordinary Shares
Mr L. E. C. Letts - 75,986 Ordinary Shares
Mr C.L. Lim - 175,000 Ordinary Shares

16. Total percentage holding of issued class following this notification

Mr   R M Robinow - 0.6%
Mr  J.C. Oakley-0.4%
Mr. J M Green Armytage -0.3%
Mr  J R M Keatley - 3.0%
Mr  L.E.C. Letts-0.4%
Mr  C. L. Lim - 1.0%

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


Derrick Egerton



Date of Notification


18 March 2003



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