Issue of Equity

Real Estate Investors PLC
30 September 2005


Real Estate Investors PLC

("REI" or the "Company")

Placing of shares

REI announces that its broker, Seymour Pierce Ellis Limited, yesterday placed a
total of 4,500,000 new ordinary shares, at 10.25p per share raising £461,250
before costs. The funds will be used for working capital purposes.

Application has been made for these new shares (which will rank pari passu with
the Company's existing issued ordinary shares) to be admitted to trading on AIM
and this is expected to take place on 5 October 2005.

Further information:

Peter Lewin - CEO           01923 776633
Malcolm Lewin - FD
Real Estate Investors PLC

30 September 2005



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