Issue of Equity

R.E.A.Hldgs PLC
26 April 2002


26 April 2002

R.E.A. Holdings plc

Application has been made to the Financial Services Authority and the London
Stock Exchange for a total of 300,077 new ordinary shares of 25p each ('shares')
to be admitted to the Official List and to trading on the London Stock
Exchange's market for listed securities. It is expected that such admission will
be granted and trading will commence on 30 April 2002.

The shares are being issued as consideration for the acquisition by R.E.A.
Holdings plc of 2,753 preference shares in the capital of Makassar
Participations Limited ('MPL'). Further details as regards this acquisition, and
details of the acquisition by R.E.A. Holdings plc of the whole of the issued
ordinary share capital of MPL, were announced earlier today.

The shares will rank pari passu with the existing ordinary shares.

Enquiries

Richard Robinow, Chairman          020 7419 0100



ENDS


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