Rule 8.1- (Poole Investments)

Inland PLC
14 August 2007


                                                                        FORM 8.1

          DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES           
                  FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS                   
                 (Rules 8.1(a) and (b)(i) of the Takeover Code)                 

 

 1. KEY INFORMATION

 
+-----------------------------------+-----------------------------------+
|Name of person dealing (Note 1)    |Inland plc                         |
+-----------------------------------+-----------------------------------+
|Company dealt in                   |Poole Investments plc              |
+-----------------------------------+-----------------------------------+
|Class of relevant security to which|Ordinary Shares of 1p each         |
|the dealings being disclosed relate|                                   |
|(Note 2)                           |                                   |
|                                   |                                   |
+-----------------------------------+-----------------------------------+
|Date of dealing                    |13 August 2007                     |
|                                   |                                   |
+-----------------------------------+-----------------------------------+

 

 

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

 

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

 
+----------------------------------+-------------------------+----------+
|                                  |          Long           |  Short   |
|                                  |                         |          |
|                                  |                         |          |
+----------------------------------+-------------------------+----------+
|                                  |Number (%)               |Number (%)|
|                                  |                         |          |
|                                  |                         |          |
+----------------------------------+-------------------------+----------+
|(1) Relevant securities           |55,922,500               |30.24     |
|                                  |                         |          |
|                                  |                         |          |
+----------------------------------+-------------------------+----------+
|(2) Derivatives (other than       |Nil                      |Nil       |
|options)                          |                         |          |
|                                  |                         |          |
|                                  |                         |          |
+----------------------------------+-------------------------+----------+
|(3) Options and agreements to     |Nil                      |Nil       |
|purchase/sell                     |                         |          |
|                                  |                         |          |
|                                  |                         |          |
+----------------------------------+-------------------------+----------+
|Total                             |55,922,500               |30.24     |
|                                  |                         |          |
|                                  |                         |          |
+----------------------------------+-------------------------+----------+

 

(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

 

None

 

(c) Rights to subscribe (Note 3)

 

None

 

3. DEALINGS (Note 4)

 

(a) Purchases and sales

 
+-----------------------------+----------------------------+------------+
|Purchase/sale                |Number of securities        |Price per   |
|                             |                            |unit (Note  |
|                             |                            |5)          |
+-----------------------------+----------------------------+------------+
|Purchase                     |14,250,000                  |6 pence     |
|                             |                            |            |
|                             |                            |            |
+-----------------------------+----------------------------+------------+

 

 

(b) Derivatives transactions (other than options)

 

N/A - no derivative transactions

 

 

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

 

N/A - no options

 

(ii) Exercising

N/A - no exercise

 

(d) Other dealings (including new securities) (Note 4)

 

N/A - no other dealings

 

 

4. OTHER INFORMATION

 

Agreements, arrangements or understandings relating to options or derivatives

 

 
+----------------------------------------------------------------------+
|Full details of any agreement, arrangement or understanding between   |
|the person disclosing and any other person relating to the voting     |
|rights of any relevant securities under any option referred to on this|
|form or relating to the voting rights or future acquisition or        |
|disposal of any relevant securities to which any derivative referred  |
|to on this form is referenced. If none, this should be stated.        |
+----------------------------------------------------------------------+
|Inland plc (the offeror) is deemed to be acting in concert with       |
|Starlight Investments Limited which has today sold 14,250,000 Poole   |
|Investments plc ('PI') shares to Inland. The aggregate voting rights  |
|controlled by Inland plc and Starlight Investments Ltd. is 55,922,500 |
|representing 30.24% of the total voting rights attaching to PI shares.|
|                                                                      |
|                                                                      |
|                                                                      |
|The PI shares sold by Starlight Investments Ltd were subject to       |
|irrevocable undertakings to accept the Offer.                         |
|                                                                      |
|                                                                      |
|                                                                      |
|Following the above dealings the total PI shares held by Inland plc   |
|and subject to irrevocable undertakings to accept the Offer amount to |
|69,275,354 PI shares representing 37.46% of its issued share capital. |
|                                                                      |
|                                                                      |
|                                                                      |
|                                                                      |
+----------------------------------------------------------------------+

 

 

Is a Supplemental Form 8 attached? (Note 9) NO

 

 
+-------------------------------------------------+---------------------+
|Date of disclosure                               |14 August 2007       |
|                                                 |                     |
+-------------------------------------------------+---------------------+
|Contact name                                     |Alex Stanbury,       |
|                                                 |                     |
|                                                 |Dawnay, Day Corporate|
|                                                 |Finance Ltd          |
+-------------------------------------------------+---------------------+
|Telephone number                                 |020 7509 4570        |
|                                                 |                     |
+-------------------------------------------------+---------------------+
|Name of offeree/offeror with which associated    |Inland plc           |
+-------------------------------------------------+---------------------+
|Specify category and nature of associate status  |Offeror              |
|(Note 10)                                        |                     |
|                                                 |                     |
+-------------------------------------------------+---------------------+

 

 Notes

The Notes on Form 8.1 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk

 

 


 

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