Acquisition

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

Acquisition

REI announces that yesterday it exchanged unconditional contracts to purchase a
freehold office investment in West Bromwich town centre.  The total
consideration for the acquisition is £1,100,000 which will be paid as to
£1,000,000 in cash and the balance by the issue to the vendor of 1,000,000 new
ordinary shares in REI at a price of 10 pence per share.

Situated in the Town Centre of West Bromwich, the property has undergone
extensive refurbishment and provides an attractive, self contained office
building of 6,000 sq ft, together with extensive car parking.

The property is let in its entirety, on a new 10 year lease without break, to a
prominent West Midlands firm of solicitors, at a commencing rental of £68,750
per annum.

For further information, please contact:

Real Estate Investors PLC
Peter Lewin, Chief Executive
Malcolm Lewin, Finance Director
www.reiplc.com
01923 776633

Christopher Joll
mj2 ltd
020 7491 7776

10 February 2006