Holding(s) in Company

This replaces the notification made by the shareholder on 26 February 2010.


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the                            Real Estate  Investors PLC
underlying issuer
of existing shares to which voting
rights are
attached:
2 Reason for the notification (please tick the appropriate box or
boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please        Placement                                      X
specify):
3. Full name of person(s) subject                             Iceberg Alternative Real Estate
to the                                                        Master Fund
notification obligation:
4. Full name of shareholder(s)
 (if different from 3.):
5. Date of the transaction and                                25/02/2010
date on
which the threshold is crossed or
reached:
6. Date on which issuer notified:                             26/02/2010
7. Threshold(s) that is/are                                           3%
crossed or
reached:

8. Notified details:
A: Voting rights attached to shares
Class/type   Situation         Resulting situation after the triggering
of           previous          transaction
shares       to the
             triggering
if possible  transaction
using
the ISIN
CODE
             Number   Number   Number   Number of       % of  voting
             of       of       of       voting          rights
             Shares   Voting   shares   rights  1:1
                      Rights
                               Direct   Direct Indirect  Direct   Indirect

GB00B014B855                  15384615  15384615          3.1%


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of          Expirat  Exercise/       Number of voting  % of voting
financial        ion      Conversion      rights that may   rights
instrument       date     Period          be
                                          acquired if the
                                          instrument is
                                          exercised/
                                          converted.


C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
Resulting situation after the triggering transaction
Type of       Exerci  Expira  Exercis   Number of voting  % of voting
financial     se      tion    e/        rights            rights
instrument    price   date    Convers   instrument
                              ion       refers to
                              period
                                                          Nominal  Delta



Total (A+B+C)
Number of voting rights             Percentage of voting rights
     15384615                            3.1%

9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable:



Proxy Voting:
10. Name of the proxy holder:                                        N/A

11. Number of voting rights proxy holder
will cease to hold:

12. Date on which proxy holder will cease to
hold voting rights:

13. Additional information:

14. Contact name:                                              Geraldine Mash

15. Contact telephone number:                                   020 7182 2886