Re New Loan Facilities

Sep 21, 2005 5:33 PM

R.E.A.Hldgs PLC 21 September 2005 R.E.A. Holdings plc ("REA") announces that its subsidiary, PT REA Kaltim Plantations ("REA Kaltim"), has now concluded negotiation of new loan facilities in Indonesia. The negotiation, which has been in progress for over a year and of which shareholders have been previously advised (most recently in the prospectus (the "Prospectus") issued by REA on 17 August 2005), has resulted in an agreement between REA Kaltim and a consortium of three banks for the provision by the banks to REA Kaltim of new loan facilities totalling $45 million (currently equivalent to £25 million). The new facilities have been guaranteed by REA. An initial $38 million has been drawn down and, as foreseen in the Prospectus, has been principally applied in repaying all former REA Kaltim third party indebtedness other than $3.5 million (currently equivalent to £1.9 million) under a working capital facility which has been renewed. This information is provided by RNS The company news service from the London Stock Exchange