April 23 (Reuters) - RDI Reit PLC RDI.L :
* STATEMENT RE CROMWELL WITHDRAWAL
* NOTES ANNOUNCEMENT BY CROMWELL THAT IT DOES NOT INTEND TO MAKE AN OFFER FOR RDI
* SINCE INITIAL UNSOLICITED APPROACH FROM CROMWELL, BOARD ACTIVELY ENGAGED WITH CROMWELL IN ORDER TO FACILITATE DUE DILIGENCE REQUIREMENTS
* RECENTLY RECEIVED A CONDITIONAL PROPOSAL FROM CROMWELL
* CONSIDERED CROMWELL PROPOSAL TO "UNDERVALUE COMPANY AND ITS PROSPECTS"
* BOARD TOOK UNANIMOUS DECISION NOT TO SUPPORT A FURTHER PERIOD OF DUE DILIGENCE FOR CROMWELL OFFER
* RECEIVED CONFIRMATION FROM REDEFINE PROPERTIES LIMITED THAT CROMWELL PROPOSAL WAS "UNACCEPTABLE" TO IT