Acquisition of Properties

Safeland PLC
21 May 2007


                     Safeland Property Unit Trust/Flexspace

             Acquisition of managed workspace portfolio for £6.35m


Safeland Active Management Ltd trading as Flexspace announces that the Safeland
Property Unit Trust, the Jersey based unit trust of which it is UK property
manager, has recently completed the acquisition of a portfolio of managed
workspace properties in Swindon and Slough for a total consideration of £6.35m.

The acquisition is funded by £2.4m cash from existing resources with the
remainder through debt finance with Barclays Capital.

The properties were purchased from Great Western Enterprise (Holdings) Ltd and
consist of a total of 98,000 sq ft of managed workspace and light industrial
units split across six buildings in Swindon and one building in Slough. Part of
the purchase included 15 new workshop units, which have just recently been
constructed at the Pembroke Centre, Cheney Manor Industrial Estate in Swindon,
and are now available to let in the next few weeks on flexible short term
licence agreements.

The properties are currently divided into 348 separate units and produce a gross
income of c. £1.5m per annum from a current occupancy of 75%.

Safeland Active Management will take over the business, including the
operational staff, and will run the property as flexible managed workspace units
under their new 'Flexspace' brand. This acquisition brings the total square
footage now under Flexspace management to over 350,000 sq ft with more on the
way.

More information on Flexspace is available at www.flexspace.co.uk

Paul Adams Flaherty acted for Safeland, whilst Great Western Enterprise managed
the sale of the business themselves.






For further information please contact:

Safeland plc                                     Parkgreen Communications Ltd
Larry Lipman, Managing Director                  Paul McManus
Tel: [phone]                               Tel: [phone]
                                                 Mob: [phone]
www.safeland.co.uk                               [e-mail]




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