Acquisition

21 June 2007

                            Real Estate Investors plc
                            ("REI" or the "Company")

                              Property acquisition

Real  Estate Investors plc (AIM: RLE), the West Midlands based property company,
is  pleased  to  announce that it has exchanged contracts  to  acquire  Guardian
House,  Town Centre, West Bromwich for the sum of £4,525,000.  This property  is
fully  let to the Secretary of State and Challinors Solicitors, producing rental
income of £312,375 per annum.

The property consists of approximately 41,790 sq ft and was purchased off-market
directly from Warner Estates.  The consideration was paid in cash.

Paul  Bassi,  Chief Executive, commented "This acquisition is in line  with  our
strategy. Guardian House is recognised as one of the finest office buildings  in
West  Bromwich  Town  Centre, offering both rental  uplift  and  capital  growth
opportunities."

Enquiries:
Real Estate Investors plc                                    [phone]
Paul Bassi

Smith & Williamson Corporate Finance Limited                 [phone]
Azhic Basirov / Siobhan Sergeant

Notes to Editors

1. REI  is  an  AIM  listed  property  investment  and  development  company
   specialising in commercial property throughout the Midlands and Central England

2. REI  is  focused on delivering shareholder value through returns generated
   from  strong  yields and capital enhancements. This is achieved by  targeting
   investments in orphaned, distressed, part-let and underperforming  commercial
   property assets

3. REI's Board is led by respected property-entrepreneur Paul Bassi, who has
   over 23 years of property experience. Mr Bassi is also founder and chairman of
   Bond Wolfe Auctioneers, one of the UK's largest (top 50) property auction houses
   and estate agents, and chairman of Bigwood Chartered Surveyors

4. REI  was  admitted to trading on AIM in June 2004.  In December 2006,  REI
   successfully raised £25 million to aggressively grow its property portfolio, at
   that time, estimated to be worth approximately £28 million.  Paul Bassi is the
   largest shareholder in the Company

5. Further information on REI can be found at www. reiplc.com