Holding in Company

R.E.A.Hldgs PLC 10 May 2001 R.E.A. Holdings plc ('the company') announces that, following the completion of the open offer made by the company on 10 April 2001, Emba Holdings Limited ('Emba') yesterday notified the company that Emba has a notifiable interest in the company's issued ordinary share capital amounting to 5,657,363 ordinary shares of 25 pence each, representing 45.5% of the company's issued share capital as enlarged by the open offer. Pursuant to the open offer and underwriting arrangements, Emba subscribed for a total of 1,746,150 new ordinary shares, comprising its pro rata entitlement under the open offer of 1,181,664 new ordinary shares and a further 564,486 new ordinary shares subscribed for under the terms of the underwriting agreement between the company and Emba dated 10 April 2001. Enquiries: Richard Robinow Chairman, R.E.A. Holdings plc - 020 7631 3988 Leonie Grimes / David Kent Andersen Corporate Finance - 020 7438 3000