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)        Artemis Investment Management
subject to notification          Limited
obligation:
                                 Institutional UK Growth
4. Full name of shareholder(s)   Artemis Alpha Trust
(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      5%
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 24,180,091  24,180,091 15,000,000 15,000,000         4.4%



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/con
                                     verted)


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 (if  rights
                                              the instrument
                                              exercised/conv
                                              erted)
                                                               Nominal  Delta

Total (A+B+C)

Number of voting rights         Percentage of voting rights
15,000,000                      4.4%


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:

14 Contact name:                Alistair Fleming

15. Contact telephone name:     0131 718 0411