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      6 August 2009
date on which the threshold is
crossed or reached if
different):

6. Date on which issuer          7 August 2009
notified:

7. Threshold(s) that is/are      29%
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 95,915,000  95,915,000 100,915,000 100,915,000       29.62%
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 of
financial  price     date        conversion rights that may  voting rights
                                 period/    be acquired (if
                                            the instrument
                                            exercised/
                                            converted)
                                                             Nominal Delta

Total (A+B+C)

Number of voting rights         Percentage of voting rights
100,915,000                     29.62%


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