Board Changes

Safeland PLC 27 March 2003 Safeland plc, the property trading and investment company announces that it has today entered into put and call options which are exercisable between 7 April 2003 and 14 April 2003 with Andrew Perloff, a director of tecc-IS Plc (' tecc-IS'), to purchase 10,843,250 tecc-IS ordinary shares at 9p per share in cash (representing 25% of the ordinary issued share capital of that company). tecc-IS is quoted on AIM and was originally formed to make strategic investments in technology companies in Israel. Larry Lipman, Safeland Managing Director, and Errol Lipman, Safeland Executive Director, have today been appointed as directors of tecc-IS. In addition, Daniel Kay, with whom Safeland formed a joint venture in 2001, has been appointed as a director of tecc-IS. Safeland has acquired this interest in tecc-IS as a further strategic investment as part of its policy to diversify its activities and increase its opportunities for expansion. tecc-IS reported net assets of £5.1 million as at 30 June 2002 of which £3.5 million (8.1p per share) was in cash. For the six months ended 30 June 2002 tecc-IS reported a loss on ordinary activities of £107,000 (0.2p per share). This information is provided by RNS The company news service from the London Stock Exchange
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