Property Sales

10 September 2007
                            Real Estate Investors plc
                            ("REI" or the "Company")

                                 Property sales

Real  Estate Investors plc (AIM: RLE), the West Midlands based property company,
announces  that it has unconditionally exchanged contracts on the  sale  of  two
investment  properties  in  Southend  and  Portsmouth,  respectively,  for   the
aggregate sum of £2,870,000 which is to be satisfied in cash.

The  consideration  represents  a  surplus of  £260,000  above  the  properties'
valuation  in  December 2006 and, following the repayment of the mortgages,  REI
has  received net cash proceeds of over £1 million.  The cash proceeds  will  be
used  to  fund  future  property  acquisitions,   in  line  with  the  Company's
investment strategy.

Enquiries:
Real Estate Investors plc                                    [phone]
Paul Bassi

Smith & Williamson Corporate Finance Limited                 [phone]
Azhic Basirov / Siobhan Sergeant

Notes to Editors

1. REI  is  an  AIM  listed  property  investment  and  development  company
   specialising in commercial property throughout the Midlands and Central England
2. REI  is  focused on delivering shareholder value through returns generated
   from  strong  yields and capital enhancements. This is achieved by  targeting
   investments in orphaned, distressed, part-let and underperforming  commercial
   property assets
3. REI's Board is led by respected property-entrepreneur Paul Bassi, who has
   over 23 years of property experience. Mr Bassi is also founder and chairman of
   Bond Wolfe Auctioneers, one of the UK's largest (top 50) property auction houses
   and estate agents, and chairman of Bigwood Chartered Surveyors
4. REI  was  admitted to trading on AIM in June 2004.  In December 2006,  REI
   successfully raised £25 million to aggressively grow its property portfolio, at
   that time, estimated to be worth approximately £28 million.  Paul Bassi is the
   largest shareholder in the Company
5. Further information on REI can be found at www. reiplc.com