Acquisition

Safeland PLC
30 October 2007


                     Safeland Property Unit Trust/Flexspace

             Acquisition of managed workspace portfolio for £6.575m


Safeland Active Management Ltd, today announces that Flexspace/Safeland Property
Unit Trust, the Jersey based unit trust of which it is UK property manager, has
recently exchanged contracts to acquire a large multi let industrial estate near
Liverpool for a total consideration of £6.575m.

The property, Capital Trading Park, Kirkby Bank Rd, Knowsley, Liverpool, was
purchased from George Moss & Sons Ltd and consists of a total of 164,700 sq ft
of workshops and light industrial units.

The property is currently divided into 39 separate units ranging from 1,625 sq
ft to 24,350 sq ft with a net rent of c. £525,000 per annum. Seven units are
currently vacant giving a current occupancy rate of 62%.


Larry Lipman, Managing Director of Safeland, said:

'The property is well located with easy access to the M6 and has surplus land
surrounding the property with potential to reconfigure or extend the site.  It
is our strategy to introduce our flexible leasing style and we feel this long
leasehold investment offers great potential for long term rental growth.'

Safeland Active Management will run the property as flexible managed workspace
units under their 'Flexspace' brand. This acquisition brings the total square
footage now under Flexspace management to over 730,000 sq ft in 9 separate
locations nationwide.

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

King Sturge acted for Safeland and will be retained as a letting agent, whilst
George Moss & Sons Ltd were represented by Cushman and Wakefield.


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]





Notes:

Safeland Active Management Ltd is a fully owned subsidiary of Safeland Group plc
and is UK property manager to the Safeland Property Unit Trust.

Safeland Active Management Ltd, trades as Flexspace, and invests in managed
workspace units, as opposed to serviced office space, which are made up of
workshop and light industrial units.


                      This information is provided by RNS
            The company news service from the London Stock Exchange