Further property completion

Safeland PLC
22 January 2007



                                  Safeland plc

                            Further Fund Acquisition



Safeland plc ('Safeland') announces that further to the announcements on 8 and
11 January Safeland Active Management Unit Trust ('the Fund'), the Jersey unit
trust of which it is UK property manager, has completed the acquisition of The
Watford Business Centre, Greenhill Crescent, Watford for a total consideration
of £15.7m. The acquisition is funded by £5.75m cash from existing resources with
the remainder through debt finance with Barclays Capital.



The property consists of a 115,000 sq ft business centre complex, comprising a
number of smaller office suites and light industrial or workspace units.



The property currently produces a gross income of c£1.8m per annum with a
current occupancy of 86%.



Safeland Active Management will revitalise and improve the existing centre and
run the property as flexible managed workspace units under their new 'Flexspace'
brand, and this acquisition brings the total of properties under management to
four.



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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