REAL ESTATE INVESTORS PLC -
Preliminary Announcement For the Year Ended 31 December 2009

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

Real Estate Investors PLC (AIM:RLE) the West Midlands based property group, today announces its preliminary results for the year ended 31 December 2009.

Highlights to date:

• Gross property assets valued at £54.8 million (2008: £ 48.5 million)
• Investment property assets up by 12.8% to £48 million (2008: £42.6 million)
• Rental income up 8% to £3.2 million (2008: £3 million)
• Profit on valuation of interest rate swap of £832,000 (2008: loss £2.1 million)
• Net assets of £27.3 million (2008: £24.2 million)
• Profit before tax of £4.3 million (2008: loss £15.7 million)
• Loss before tax excluding net property valuation and financial instrument provisions of £21,000 (2008: £40,000)
• Cash at bank of £10.8 million (2008: £11.4 million)
• Total acquisitions of property in the year amounted to £2.8 million
• Further equity fundraising of £10.1 million to enable the Company to capitalise on market opportunities throughout 2010/2011

Peter Lewin, Chairman of REI, commented: "I stated last year that these unprecedented market conditions would reveal winners and losers and I firmly believe that the Company, with the recent fundraising, coupled with its existing cash, banking arrangements, experienced and focussed management team, has a very positive outlook for 2010, revealing REI to have a winning business and strategy."

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For further information please contact:

Real Estate Investors plc                                             
Paul Bassi
0121 524 1174

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