EGM Statement

R.E.A.Hldgs PLC
02 October 2007

R.E.A. Holdings plc ('REA')
===========================
Results of extraordinary general meeting and progress of capitalisation issue

REA announces that at an extraordinary general meeting of REA held earlier today
both of the resolutions set out in the notice of the meeting, as included in the
circular to shareholders dated 5 September 2007 (the 'circular'), were duly 
passed on a show of hands.

The resolutions so passed provide necessary authorities for the proposed 
capitalisation issue by REA that was announced on 5 September 2007 (the 
'capitalisation issue').  Pursuant to that issue, ordinary shareholders will be 
allotted new 9 per cent cumulative preference shares of £1 each in the capital
of REA ('new preference shares') on the basis of one new preference share for 
every 30 ordinary shares of 25p each in the capital of REA held at the close of
business on 1 October 2007.  Arrangements will be made whereby REA will (except
to the extent that allottees have otherwise elected) aggregate all new 
preference shares comprised in allotments of 1,000 or fewer new preference 
shares and sell the resultant aggregated holding on behalf of the relative 
allottees (subject to achievement of a minimum gross price of 100p per share).

The capitalisation issue is now conditional only upon the admission of the new 
preference shares to the Official List and to trading on the London Stock 
Exchange's market for listed securities.  It is expected that admission will 
become effective and that dealings in the new preference shares will commence
tomorrow, 3 October 2007.

Upon completion of the capitalisation issue, REA's issued share capital will 
comprise 32,573,856 ordinary shares of 25p each and 13,600,000 9 per cent 
cumulative preference shares of £1 each. The number of votes that may ordinarily
be cast on a poll at a general meeting of REA and attaching to such ordinary 
shares is 32,573,856 and to such preference shares will be nil. No shares in the
issued capital of REA are held in treasury.

The above figures may be used by REA shareholders for the calculations by which
they determine whether they are required to notify their interest in, or a 
change in their interest in, shares of REA under the Financial Services 
Authority's Disclosure and Transparency Rules.

A total of 32,573,856 ordinary shares of REA were eligible to vote at the 
extraordinary general meeting referred to above with each ordinary share 
carrying one vote on a poll. Proxies were received for use in connection with 
the meeting with following instructions (treating proxies giving discretion to
the chairman as a 'for' instruction):

Resolution (number and subject matter)         For        Against     Abstain
 
1   Capitalisation issue                   20,027,730         -        37,961
2   Amendment of articles of association   20,065,431       261             -

Copies of the resolutions passed at the extraordinary general meeting are being
submitted to the UK Listing Authority and will shortly be available for 
inspection at the UK Listing Authority's Document Viewing Facility, which is 
situated at:

Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London,
E14 5HS
Telephone: [phone]



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