Director Shareholding

R.E.A.Hldgs PLC
19 November 2003


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

R.E.A. Holdings plc

2. Name of director

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

A holding in a company which is controlled by the director named in 2.

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)

See 2 above

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

Sale of 4% Convertible Loan Stock 2012

7. Number of shares / amount of stock acquired


8. Percentage of issued class


9. Number of shares/amount of stock disposed

£500,000 4% Convertible Loan Stock 2012

10. Percentage of issued class

13.21%

11. Class of security

4% Convertible Loan Stock 2012

12. Price per share

£3.83

13. Date of transaction

18 November 2003

14. Date company informed

19 November 2003

15. Total holding following this notification

£920,572 4% Convertible Loan Stock 2012

16. Total percentage holding of issued class following this notification

24.32 % 4% Convertible Loan Stock 2012

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

Paul Hudson 0207 419 0100

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


Date of Notification


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