Refinancing

5 February 2009
                            Real Estate Investors plc
                            ("REI" or the "Company")

                           Refinancing of Kings Heath

Real  Estate Investors plc (AIM: RLE), the West Midlands based property company,
is  pleased  to  announce that it has raised £2.68 million  in  loan  financing,
secured against its Kings Heath property which was acquired in November 2008.

The  financing has been arranged with Svenska Handelsbanken AB ("Handelsbanken")
at  a margin of 1.75 per cent. over 3 month LIBOR.  Handelsbanken is one of  the
largest  banking operations in the Nordic region and has been active in  the  UK
market since 2000.

Paul Bassi, Chief Executive, commented:

"We  are pleased to have secured this financing, at an attractive rate, in these
difficult  economic conditions.  This finance provides REI with additional  cash
in  order  to  continue  to  pursue its strategy of capitalising  on  commercial
property opportunities that arise."


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 25 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.  In
   January 2008, it raised a further £20 million through refinancing its portfolio.
   As at 30 June 2008, its portfolio and inventories were valued at £49 million
5. Further information on REI can be found at www. reiplc.com