Result of open offer and EGM

R.E.A.Hldgs PLC 22 May 2002 R.E.A. Holdings plc (the 'company') The company announces that at its extraordinary general meeting held today, all the resolutions proposed in the notice of meeting included in the company's listing particulars dated 26 April 2002 (the 'listing particulars') were duly passed. In addition, the company announces that as of 3.00 p.m. yesterday, the latest time and date for receipt of applications for 4% convertible stock pursuant to the open offer set out in the listing particulars, valid applications were received amounting, in aggregate, to £2,348,867 of convertible stock. Pursuant to the underwriting arrangements set out in the listing particulars, Emba Holdings Limited and Agusan Plantations Inc have consequently subscribed an additional £1,423,208 and £27,925 of convertible stock respectively, bringing total subscriptions for convertible stock to £3.8 million. Of the £1,423,208 convertible stock subscribed by Emba, £1,380,071 is held by Emba as nominee for Agusan. It is expected that the convertible stock will be admitted both to the Official List of the UKLA and to trading on the market for listed securities of the London Stock Exchange tomorrow, 23 May 2002. CREST accounts in respect of the convertible stock are expected to be credited on the same date. Definitive stock certificates are expected to be despatched on or before 29 May 2002. Terms and expressions in this announcement shall bear the same meaning as in the listing particulars, save where the context otherwise requires. ENDS This information is provided by RNS The company news service from the London Stock Exchange