Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the           Real Estate Investors PLC
underlying issuer of existing shares
to which voting rights are attached:

2 Reason for the notification (please tick the appropriate box or
boxes):

An acquisition or disposal of voting rights                        X

An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached

An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments

An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject    Civil Aviation Authority Pension
to the notification obligation:                                Scheme

4. Full name of shareholder(s)
 (if different from 3.):

5. Date of the transaction and                           7th May 2010
date on which the threshold is
crossed or reached:

6. Date on which issuer notified:                       11th May 2010

7. Threshold(s) that is/are                 Holding has gone above 4%
crossed or reached:

8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type   Situation         Resulting situation after the triggering
of           previous          transaction
shares       to the
             triggering
if possible  transaction
using
the ISIN
CODE
             Number     Number      Number  Number of voting    % of  voting
             of         of          of      rights               rights x
             Shares     Voting      shares
                        Rights
                                    Direct  Direct     Indirect Direct  Indirect

GB00B014B855 15,153,846 15,153,846  N/A     24,718,132 N/A      4.98%   N/A


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of          Expirat  Exercise/       Number of voting  % of voting
financial        ion      Conversion      rights that may   rights
instrument       date     Period xiv      be
                                          acquired if the
                                          instrument is
                                          exercised/
                                          converted.


C: Financial Instruments with similar economic effect to Qualifying

Financial Instruments
Resulting situation after the triggering transaction
Type of       Exercise  Expiration  Exercise/   Number of voting  % of voting
financial     price     date        Conversion  rights instrument rights
instrument                          period      refers to
                                                                  Nominal  Delta


Total (A+B+C)

Number of voting rights             Percentage of voting rights

24,718,132                          4.98%

9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:         BlackRock Threshold Reporting Team

14. Contact name:                   Stuart Watchorn

15. Contact telephone number:       020 7743 5741;
                                    [e-mail]