Inland confident about 2010!

Come see us at Master Investor 2010 -Stand 105

Inland, which specialises in buying brownfield sites and enhances their value by
obtaining  planning  permission,  is  attending  the  Master  Investor  event on
Saturday 24(th) April and would be delighted to meet with existing and potential
investors.


Inland  will join  more than  100 quoted companies  at the event, which attracts
over  2,000 high net worth  private investors and  industry professionals to the
Business Design Centre in Islington.


2010 is  developing  into  an  excellent  year  for  Inland as both the land and
construction  markets in  the UK  show signs  of genuine improvement. Inland now
controls  a land portfolio of 1,980 plots  of which 628 are now consented. Since
July  2009, the Company  has secured  planning consent  for 23 residential plots
with further progress expected during 2010.


Key highlights of Inland interim results issued on 18 March 2010 include:



+-------------------------------------+----------------------------------------+
|Financial:                           |Operational                             |
|                                     |                                        |
|  * Turnover £5.29m (2008: £0.35m)   |  * Sale of 40 plots during the period  |
|                                     |    (further 105 plots since 31 Dec.    |
|  * Operating profit £0.39m (2008:   |    2009)                               |
|    loss of £4.24m)                  |                                        |
|                                     |  * Planning application at RAF West    |
|  * Pre tax profit £0.11m (2008: loss|    Drayton was submitted for 775 homes |
|    of £4.95m)                       |    and 55,000 sq ft for employment and |
|                                     |    community use                       |
|  * Net borrowings £8.79m (2008:     |                                        |
|    £6.79m) and bank facility renewed|  * Inland's housebuilding activities   |
|                                     |    now producing sales                 |
|  * Stocks and investment property   |                                        |
|    £50.73m (2008: £54.26m)          |                                        |
+-------------------------------------+----------------------------------------+




Stephen Wicks, Chief Executive of Inland commented:


"2010  is proving to be something of a watershed within our sector. We have seen
clear  signs  that  demand  for  land  is  increasing  as housebuilders start to
replenish  their  land  banks.  Our  prime  sites  in the south east are proving
attractive to these buyers.


Our  ability to  progress a  number of  exciting land  opportunities whilst also
disposing  of  a  number  of  our  smaller  plots  is testament to the drive and
dedication  of the team here  at Inland. We look  forward to the next six months
with renewed optimism."


The organisers of Master Investor have held back a small number of complimentary
tickets  for  company  shareholders  or  other  interested parties. To apply for
tickets             please            email            [e-mail]
<mailto:[e-mail]> or          telephone          [phone].

Key development opportunities include:

Queensgate, Farnborough, Hampshire (see pictures in attachement)

  * 24.5 acre former RAF base acquired from MOD for £21.5m of which £9m remains
    outstanding
  * Planning permission granted for 399 homes, 80 bed nursing home and 56,000
    sq. ft. of commercial space. 43 further plots to be promoted via the
    planning process
  * Inland commenced development of 37 units of which 3 reserved
  * GDV expected to be £58m
  * 57 plots sold to a national housebuilder generating free cashflow of £3.3m
  * Main spine road to be completed in May 2010

Drayton Garden Village (formerly RAF West Drayton)
  * 31 acre redundant brownfield site with adopted planning brief for a
    residentially led mixed use regeneration
  * Planning application submitted for 775 homes and 55,000 sq ft of employment
    and community uses including a new medical centre and 80 bed care home
  * Planning permission envisaged shortly with first phase comprising of 59
    units of affordable housing to commence during 2010
  * Site held by joint venture partner with deferred consideration of £23.75m to
    be paid over next 3 years
  * GDV expected to be £185m

Investor relations contacts:
Inland plc
Stephen Wicks, Chief Executive
Nish Malde, Finance Director
Tel: [phone]



[HUG#1407386]





    Presse Release (PDF): 

http://hugin.info/143162/R/1407386/360666.pdf