Fonds d'investissement Réa Inc

Montreal, 21 June 2000 - 

The Management of Fonds d'investissement RÉA Inc. (the "Fund") wishes to announce that a majority of the Fund's holders of class A shares approved, at a special meeting held on June 9, 2000, the proposed amendments to i) the fees assumed by the Fund and ii) the objectives and investment policies of the Fund.

These amendments, which are described in the Fund's final prospectus dated May 18, 2000, will take effect on July 1, 2000, as of which date the Fund will be responsible for paying the fees related to its operation (thereby adopting a structure similar to that of a mutual fund while remaining eligible for the Quebec Stock Savings Plan). This will give the Fund more latitude in managing its portfolio and facilitate greater diversification and liquidity.