Directorate change

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

Appointment of new directors

The Board of REI is pleased to announce the appointment of Paul Bassi as an
Executive Director and Marcus Daly as a Non-Executive Director conditional upon
the admission to trading on AIM of 21,750,000 ordinary shares in the Company of
1p per share issued pursuant to the fundraising announced separately today ("the
Subscription"), ("the Initial Subscription Shares").

Paul Bassi is a long established Midlands-based property investor, recognised as
one of the largest private landlords in the Midlands and Black Country.  He is
executive chairman of Bond Wolfe plc, a prominent Black Country property
investor and auctioneer, and also the regional chairman of Coutts Bank (West
Midlands) and a member of the bank's executive steering board.  He is former
vice-president of the Sandwell & Dudley Chamber of Commerce and has been
prominent in the promotion of business in the region.

In 2003, Mr Bassi was awarded Entrepreneur of the Year, Central Region.  In
2005, he was awarded a lifetime achievement award by Lloyds TSB for services to
the community.  He is also listed by Finance Midlands Insider magazine in their
"Power List" as one of the 100 most influential people in the region and in 2005
Bank of Scotland listed Mr Bassi in their Asian "Power List" 100.  He is a
director of Birmingham Hippodrome Theatre.

The Board believes that Mr Bassi's background and experience in the property
sector as well as his extensive contacts, particularly in the Midlands, will be
a significant advantage to the Company.

Marcus Daly is a partner at CK Chartered Accountants, based in West Bromwich,
and has 20 years' experience in advising clients on strategic matters and
corporate planning, particularly in the property sector.  Mr Daly qualified in
1984 with CK Chartered Accountants (formerly Clement Keys).  He is also a non-
executive director of Tipton & Coseley Building Society.

As part of the new appointments to the Board, Peter Lewin assumes the role of
Executive Chairman while John Jack will become Deputy Chairman.  Malcolm Lewin
remains as Finance Director.  These appointments will also be conditional on the
Initial Subscription Shares being admitted to trading on AIM.

The changes to the Board reflect the Company's strategy to accelerate the
development of REI in the future.  The Board will continue to review its
structure to ensure that it meets the needs of a developing company.

As part of the reorganisation of the Board and Peter Lewin's new role, he has
agreed to receive £50,000 of his compensation in the form of ordinary shares in
the Company at the Subscription Price which will be issued to him on his new
appointment becoming effective as set out above.

As a further incentive, the Company has granted warrants over ordinary shares in
the Company at an exercise price of 12p per share to the existing Directors and
Proposed Directors as set out below.  No warrants or share options have
previously been granted to directors.  These warrants will be exercisable from
the first anniversary of the date of grant for seven years thereafter (or
earlier at the discretion of the Board).

Following the issue of the ordinary shares to Peter Lewin and the warrants, the
Directors' and Proposed Directors' interests in the Enlarged Issued Share
Capital of the Company will be as follows:

Name             Existing       New      Total    Percentage     Total      Warrants
                 Ordinary  Ordinary   Ordinary   of Enlarged  Warrants          as a
                   Shares    Shares     Shares  Issued Share              Percentage
                      (1)                            Capital             of Enlarged
                                                                        Issued Share
                                                                             Capital
John Jack (1)   1,250,000         -  1,250,000         1.64%   625,000         0.82%
Peter Lewin (2) 6,250,000   500,000  6,750,000         8.85% 3,375,000         4.43%
Malcolm Lewin     750,000         -    750,000         0.98%   375,000         0.49%
Paul Bassi     11,175,000         - 11,175,000        14.66% 5,587,500         7.33%
(1)(3)(4)
Marcus Daly     1,350,000         -  1,350,000         1.77%   675,000         0.89%
(1)(5)

Notes:
(1) Assumes completion of the Subscriptions (except that described in Note 4)
in which Messrs Jack, Bassi and Daly have participated.
(2) Peter Lewin's warrants do not include an additional amount of 1,750,000
warrants to be issued on completion of the acquisition of Rightforce Limited
announced separately today.
(3) Paul Bassi's investments are through Bond Wolfe Assets Limited, of which he
is executive chairman and sole shareholder.
(4) Paul Bassi has agreed to subscribe for a further 1,250,000 Ordinary Shares
and will be issued with a further 625,000 warrants, following such subscription,
on completion of the acquisition of Rightforce Limited, announced separately
today, raising a further £125,000 for the Company.
(5) Marcus Daly's investment is through Datalore Limited.


Application will be made for the 500,000 Ordinary Shares (which will rank pari
passu with existing Ordinary Shares) to be admitted to trading on AIM.  It is
anticipated that trading will commence on 29 June 2006.

Further details of Messrs Bassi and Daly are as follows:

Full Name:          Paramijit Paul         Marcus Hugh Paul
                    Singh Bassi            Daly
Age:                44                     48
Current
directorships and
partnerships and
those held in the
last five years are
as follows:

Current             Sandwell Training      CK Chartered
directorships and   and Enterprise         Accountants
partnerships        Council Limited        CK Financial
                    BIC Hotels Limited     Planning Limited
                    Birmingham             Datalore Limited
                    Hippodrome Theatre     Tipton & Coseley
                    Trust Limited          Building Society
                    Birmingham
                    Hippodrome Limited
                    Bond Wolfe
                    Securities Limited
                    Bond Wolfe City
                    Limited
                    Bond Wolfe Assets
                    Limited
                    Bond Wolfe Public
                    Limited Company
                    Bond Wolfe Ventures
                    Limited
                    Bond Wolfe Estates
                    Limited
                    Bond Wolfe Homes
                    Limited
                    Bond Wolfe Europe
                    Limited
                    Bond Wolfe -
                    Auctioneers and
                    Property
                    Consultants
                    Corporatewear UK
                    PLC
                    Hampstead Estates
                    Limited
                    Metro Cout (WB)
                    Limited

Past directorships  Callaway Limited       None
and partnerships    Sandwell Community
                    House Limited
                    Duchess Parade
                    Investments Limited
                    The Central
                    Chambers & Commerce
                    and Industry
                    Limited
                    The Public Building
                    Ltd
                    The Birmingham
                    Repertory Theatre
                    Limited
                    Great Hampton
                    Estates Limited
                    M&G Media
                    Investment Limited
                    D&S CCI Limited
                    B&D Estates Limited
                    Bond Wolfe Equity
                    Plc
                    Herbert J Roberts
                    (Confectionery)
                    Limited
                    Birmingham Homes
                    Limited


There are no other disclosures to be made in accordance with Rule 17 of the AIM
Rules.


For further information, please contact:

Real Estate Investors PLC
Peter Lewin, Chief Executive
Malcolm Lewin, Finance Director
www.reiplc.com
01923 776633

Christopher Joll
mj2 ltd
020 7491 7776

26 June 2006