Result of Meeting re Sterling Notes

9.5 per cent guaranteed sterling notes 2015/2017 issued by R.E.A. Finance B.V.

It was announced on 17 February 2012 that REA Finance B.V. ("REAF"), a wholly owned subsidiary of R.E.A. Holdings plc ("REAH"), had convened a meeting of holders of the 9.5 per cent guaranteed sterling notes 2015/17 (the "sterling noteholders") issued by REAF to consider, and if thought fit approve, a resolution regarding a settlement agreement in respect of certain land areas.

The convened meeting of the sterling noteholders was held on 14 March 2012 and the proposed resolution (the "noteholder resolution") was duly approved.

Implementation of the proposed settlement arrangements remains conditional upon satisfactory completion of due diligence enquiries by all parties and upon obtaining any additional approvals that may be required.

A copy of the noteholder resolution will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.hemscott.com/nsm.do.