4 January 2010

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

                         CBE in New Year's Honours List

Real  Estate  Investors  plc  (AIM : RLE), the  West  Midlands  based  property
company,  is  delighted to announce its Chief Executive, Paul  Bassi,  has  been
awarded a CBE in the New Year's Honours List announced on 31 December 2009.

Mr  Bassi  has been given the Honour in recognition for his services to business
and to the community in the West Midlands.

Mr  Bassi is the current President of the Birmingham Chamber of Commerce and his
previous  roles  include Regional Chairman for Coutts Bank (West  Midlands).  Mr
Bassi  is  also  Chairman of Bond Wolfe and Bigwood Chartered  Surveyors  and  a
Director of Birmingham Hippodrome.

In  addition to his commercial interests, Mr Bassi is an active supporter  of  a
number  of  charitable,  cultural  and community  organisations.   Mr  Bassi  is
currently  High  Sheriff for the County of West Midlands for 2009/2010  and  was
appointed  Deputy  Lieutenant for County of West Midlands in 2008.   In  January
2009, he was awarded an Honorary Doctorate from Birmingham City University.   In
2003  Mr Bassi was awarded the Price Waterhouse Cooper Entrepreneur of the  Year
award,  in  2005 he was the youngest ever recipient of the Lloyds  TSB  (Central
England)  Life  Time  Achievement Award, and in 1999  he  chaired  the  historic
twinning of Sandwell and Amritsar.  In 2007, he formed the Bond Wolfe Charitable
Trust  that  raises funds for worthy local causes, regardless of caste,  colour,
creed, age, sex, religion or disability.

Paul Bassi said:
"I  am  delighted  to receive this Honour. This recognises the  support  I  have
received  from my family, the efforts of all my colleagues and staff within  the
business  and the various organisations that I have worked with.  I have  always
strongly believed that business has a responsibility to its community as well as
its clients, staff and shareholders."

Mr  Bassi was born in Birmingham, of Sikh Punjabi origin, and is married with  3
children.

End

Enquiries:
Real Estate Investors plc                      +44 (0)121 524 1174
Paul Bassi

Smith & Williamson Corporate Finance Limited   +44 (0)20 7131 4000
Azhic Basirov / Siobhan Sergeant

Tavistock Communications Limited               +44 (0)20 7920 3150
Jeremy Carey / Gemma Bradley

Notes to Editors

1. REI  is  an  AIM  listed  property  investment  and  development  company
   specialising in commercial property throughout the Midlands and Central England

2. REI  is  focused on delivering shareholder value through returns generated
   from  strong  yields and capital enhancements. This is achieved by  targeting
   investments in orphaned, distressed, part-let and underperforming  commercial
   property assets

3. REI's Board is led by respected property-entrepreneur Paul Bassi, who has
   over 25 years of property experience. Mr Bassi is also founder and chairman of
   Bond Wolfe Auctioneers, one of the UK's largest (top 50) property auction houses
   and estate agents, and chairman of Bigwood Chartered Surveyors

4. REI  was  admitted to trading on AIM in June 2004.  In December 2006,  REI
   successfully raised £25 million to aggressively grow its property portfolio.  In
   January 2008, it raised a further £20 million through refinancing its portfolio.
   As at 30 June 2009, its portfolio and inventories were valued at £49 million

5. Further information on REI can be found at www. reiplc.com