Real Estate Investors PLC Shareholders

The information below is correct at 21st March 2010

Issued Share Capital

496,024,161 Ordinary 1p shares.

The securities are currently traded on AIM. There are currently no restrictions on the transfer of securities.

Major shareholders (3% or over)

Caledonia Investments - 28.21%
P P S Bassi - 18.14%
Henderson Global Investors - 7.82%
Blackrock Investment Management - 7.49%
Friends Provident International - 5.44%
Artemis Investment Management - 5.35%
Ruffer - 4.99%
Reech CBRE Alternative Real Estate - 3.10%

Shares not in public hands

96,850,000 Ordinary 1p shares