EGM Statement

R.E.A.Hldgs PLC
3 May 2001

R.E.A. Holdings plc (the 'company') announces that at the meeting of the
holders of warrants, the class meeting of the holders of ordinary shares and
extraordinary general meeting of the company that were held today, all of the
resolutions set out in the notice of the meetings included in the circular of
10 April 2001 were duly passed.

The company further announces that it has completed the sale of the whole of
the issued share capital of R.E.A. Trading Limited to Emba Holdings Limited.

Enquiries:

Richard Robinow (Chairman, R.E.A. Holdings plc) - 020 7631 3988

Leonie Grimes / David Kent (Andersen Corporate Finance) - 020 7438 3000