Holding(s) in Company

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

Notifiable Interests

The Company received notification on 3 January 2007 of the notifiable interests
set out below following the admission to trading on AIM on 28 December 2006 of
ordinary shares of 1p each in REI ("Ordinary Shares") issued pursuant to a £25
million placing announced on 20 December 2006.

Shareholder                         Notes        Ordinary           Percentage
                                                   Shares            of Issued
                                                     Held        Share Capital
Caledonia Investments plc             1        33,500,000                9.83%

Institutional UK Growth               2        18,000,000                5.28%

GAM UK Equity Hedge Investments       3        13,927,900                4.09%

Artemis Alpha Trust                   2        11,975,000                3.51%

GAM Star UK Dynamic Equity            3         7,072,100                2.08%
Investments

Notes:
1)   The Cayzer Trust Company Limited, a substantial shareholder in Caledonia
     Investments plc, is also deemed to be interested in the above shares.
2)   Notified by Artemis Investment Management Limited.
3)   Notified by GAM International Management Limited.


4 January 2007