Issue of Equity

Real Estate Investors PLC

("REI" or the "Company")

Issue of Equity

REI  announced on 10 February 2006 that it had exchanged unconditional contracts
to purchase a freehold office investment in West Bromwich town centre. The total
consideration was £1,100,000.

Following  completion of the acquisition today, the Company announces
the issue of 1,000,000 new ordinary shares in REI at a price of 10p per share to
the vendor as part of the consideration.

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 15 March 2006.

Further information:

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

Christopher Joll                                    020 7491 7776
mj2 ltd

9 March 2006