TR-1: Notifications of Major Interests in Shares

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


2. Reason for notification (yes/no)

An acquisition or disposal of voting rights            Yes

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)        Caledonia Investments plc
subject to notification
obligation:

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

5. Date of transaction (and      9 July 2009
date on which the threshold is
crossed or reached if
different):

6. Date on which issuer          13 July 2009
notified:

7. Threshold(s) that is/are      26%, 27% and 28%
crossed or reached:


8: Notified Details
A: Voting rights attached to shares

Class/type    Situation            Resulting situation after the
of shares     previous to the      triggering transaction
If possible   triggering
use ISIN      transaction
code
              Number    Number     Number     Number of        Percentage
              of        of         of         voting rights    of voting
              shares    voting     shares                      rights
                        rights

                                              Direct  Indirect Direct Indirect
GB00B014B855 86,915,000 86,915,000 95,915,000 95,915,000       28.15%
Ordinary 1p
shares


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration  Exercise/    No. of voting   Percentage
financial   date        conversion   rights that     of voting
instrument              period/date  may be          rights
                                     acquired (if
                                     the
                                     instrument
                                     exercised/
                                     converted)


C: Financial Instruments with similar economic effect to
Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of    Exercise  Expiration  Exercise/   No. of voting     Percentage
financial  price     date        conversion  rights that may   of voting
instrument                       period/date be acquired       rights
                                             (if the instrument
                                             exercised/
                                             converted)        Nomainal Delta


Total (A+B+C)

Number of voting rights         Percentage of voting rights
95,915,000                      28.15%


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 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:     None

14 Contact name:                Krista Burwood

15. Contact telephone name:     020 7802 8080