Issue of Debt

R.E.A.Hldgs PLC
01 December 2006

R.E.A. Holdings plc (the 'company')

REA Finance B.V. (the 'issuer')

Issue of 9.5 per cent guaranteed sterling notes 2015/17 ('sterling notes')

It was announced on 27 November 2006 that the issuer was proposing an issue of
up to £22,000,000 nominal of sterling notes to be issued by the issuer and
unconditionally and irrevocably guaranteed by the company.  Of these notes, it
was proposed that an initial tranche of up to £15,000,000 nominal of the
sterling notes be issued for cash at 98.33 per cent of par and that the balance
be available for issue pursuant to an offering programme.

The company and the issuer now announce that the entire initial tranche of
£15,000,000 nominal of the sterling notes has been placed firm and that the
conditions of the placing have been satisfied save only for the admission of
such sterling notes to the Official List and to trading on the EEA Regulated
Market of the London Stock Exchange plc.  It is expected that admission will
become effective and that dealings in the new sterling notes will commence on
Monday, 4 December 2006.

Enquiries

Richard Robinow
R.E.A. Holdings plc
Tel:   [phone]


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