Result of Meetings

R.E.A.Hldgs PLC
12 September 2005


R.E.A. Holdings plc ('REA') announces that the meetings of REA warrant holders
and holders of the 4% convertible loan stock 2012 of REA ('convertible loan
stock'), the class meeting of holders of ordinary shares of 25p each in the
capital of REA ('REA ordinary shares') and the extraordinary general meeting of
REA that were convened for 12 September 2005 for the purposes of considering
resolutions necessary to implement the proposed conversion of the convertible
loan stock into new REA ordinary shares and the creation of the new 7.5 per cent
dollar notes 2012/14 of REA ('dollar notes') as detailed in the REA circular
dated 17 August 2005 were duly held. All of the resolutions set out in the
notices of such meetings were passed.

The proposed conversion and attendant capitalisation issue of further new REA
ordinary shares (the 'proposals') remain conditional only upon admission of:

i) up to 610,099 new REA ordinary shares; and

ii) up to 4,392,715 further new REA ordinary shares of 25p and $4,972,310
nominal of dollar notes

to be issued pursuant to the proposals being admitted to the Official List and
to trading on the London Stock Exchange's market for listed securities.

It is expected that admission of the new REA ordinary shares referred to at i)
above will become effective and that dealings in such new REA ordinary shares
will commence on 13 September 2005 and that admission of the new REA ordinary
shares and dollar notes referred to at ii) above will become effective and that
dealings in such securities will commence on 14 September 2005.

Pursuant to the proposals $30,000,000 nominal of dollar notes will be created of
which only $4,972,310 will be issued pursuant to the conversion referred to
above. The directors propose to seek to issue the balance of the dollar notes by
way of multiple placings, principally with substantial investors, over a period
of up to four years so as to maintain an appropriate level of group indebtedness
and to match (in so far as is reasonably practicable) and meet the maturing
obligations and other funding requirements of the group.

Canaccord Capital (Europe) Limited acted as Sponsor and Broker in relation to
the proposals.






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