Property Completion

Safeland PLC
11 January 2007



                                  Safeland plc
                            First Fund Acquisitions


Safeland plc ('Safeland') announces that further to the announcement on 8
January Safeland Active Management ('the Fund'), the Jersey unit trust of which
it is UK property manager, has completed the acquisition of three properties in
the Home Counties and North of England for a total consideration of £11.5m. The
acquisitions are funded by £4.1m cash from existing resources with the remainder
through debt finance with Barclays Capital.


The three properties comprise of c150,000 sq ft of office suites and light
industrial workspace and are located at Elstree Way, Borehamwood; Newton
Aycliffe Industrial Estate, Newton Aycliffe; and West Chirton North Industrial
Estate, near Newcastle.


The three properties currently produce a gross income of c. £910,000 per annum
whilst core occupancy currently stands at c75%.


Safeland Active Management will run the properties as flexible managed workspace
units under their new 'Flexspace' brand.


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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