Result of EGM

R.E.A.Hldgs PLC
18 April 2006


R.E.A. Holdings plc ('REA')

Results of extraordinary general meeting and open offer and progress of
proposals contained in REA's circular of 22 March 2006 (the 'circular')


REA announces that, at the meeting of warrant holders and extraordinary general
meeting of REA held earlier today, all of the resolutions set out in the notices
of those meetings (as included in the circular) were duly passed. Copies of the
resolutions 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]

REA also announces that following the closing of the open offer (as detailed in
the circular) at 3.00 pm on 12 April 2006, the total number of new ordinary
shares in respect of which valid applications have been received under the open
offer is 1,104,856. Pursuant to and on the terms of the ordinary share placing,
the balance of the new ordinary shares proposed to be issued, namely a further
1,723,144 new ordinary shares are now placed on a firm basis with placees
procured by Mirabaud. Accordingly, a total of 2,828,000 new ordinary shares are
to be issued pursuant to the ordinary share placing and open offer subject only
to admission of such new ordinary shares to the Official List and to the London
Stock Exchange's market for listed securities. Such admissions are expected to
become effective tomorrow, 19 April 2006. CREST accounts in respect of new
ordinary shares are also expected to be credited tomorrow and definitive share
certificates despatched on or before 26 April 2006.

Upon the issue of the new ordinary shares becoming unconditional, the proposal
as regards the amendment of the terms of the warrants (details of which were
also contained in the circular) will become effective. Each warrant will then
entitle the holder to subscribe one ordinary share at a price of 60p (either by
payment of 60p in cash or by surrender of 0.60 preference shares) on each of 31
July, 31 August and 29 September 2006. To the extent that a holder of warrants
does not exercise his warrant rights on or before 29 September 2006, his
warrants will be exercised on his behalf in October 2006, the resultant ordinary
shares sold and the net proceeds of sale, after deduction of the cost of
subscribing such ordinary shares, distributed to him.

Application will now be made to the High Court for confirmation of the reduction
of the capital of REA by £6 million in aggregate by cancellation of the capital
redemption reserve and by reduction of the amount standing to the credit of the
share premium account. Subject thereto and to the other conditions detailed in
the circular, 3,000,000 new preference shares have been placed on REA's behalf
by Mirabaud pursuant to and on the terms of the preference share placing.

Terms and expressions in this announcement bear the same meaning as in the
circular, save where the context otherwise requires.



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