Director/PDMR Shareholding

5 December 2007

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

Director's Dealing

REI  announces that yesterday, Paul Bassi, a director of the Company,  purchased
2,520,000  ordinary shares of 1p each in the Company ("Ordinary  Shares")  at  a
price  of 10.25p per share.  Mr Bassi's investment is through Bond Wolfe  Assets
Limited, of which he is executive chairman and sole shareholder.

As  a  result,  Mr  Bassi's total beneficial interest  in  the  Company  is  now
69,749,493  Ordinary  Shares representing 20.47 per cent. of  the  issued  share
capital of REI.

For further information please contact:

Real Estate Investors PLC                   0121 524 1174
Paul Bassi, Chief Executive

Smith & Williamson Corporate Finance        020 7131 4000
Limited
Azhic Basirov
Siobhan Sergeant