Acquisition

Real Estate Investors PLC
24 February 2005


Real Estate Investors PLC ("REI" or "the Company")

Acquisition

REI announces that it has today exchanged unconditional contracts to purchase
the freehold interest in a town centre retail investment in The Marlowes, Hemel
Hempstead, Hertfordshire. The total consideration for the acquisition is
£1,085,000 and will be paid as to £900,000 in cash and the balance by the issue
to the vendors of new 1p ordinary shares in REI, at the middle market price on
the day of completion of the contract.

The property totals 4,250 sq ft in floor area and comprises a retail shop, with
self contained office accommodation above. It is let in its entirety to Centrica
PLC, at a current rental of £77,900 per annum. Adjacent occupiers include
Woolwich, Abbey National and McDonalds.

Further information:

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

Christopher Joll                                                 020 7491 7776
mj2 ltd

24 February 2005





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