Property completion

Safeland PLC
12 June 2007

                     Safeland Property Unit Trust/Flexspace

           Acquisition of managed workspace building for of £3.537m.


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 managed workspace
property in Milton Keynes for a total consideration of £3.537m.

The acquisition was funded by £1.3m cash from existing resources with the
remainder through debt finance from Barclays Capital.

The property located at 1-26 Cochran Close, Presley Way, Milton Keynes was
purchased freehold from COBA Asset Management.

Cochran Court consists of hybrid office/studio/workshop units that offer huge
flexibility for the smaller business user. Set in a modern courtyard design with
large loading and car parking areas, the property totals 37,500 sq ft. The
property is currently divided into 26 separate units and produces a net income
of c. £279,000 per annum. Current occupancy stands at 91%.

This acquisition brings the total square footage now under the Flexspace brand
and management to over 400,000 sq ft with more on the way.

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

Cushman and Wakefield introduced and acted for Safeland while Mason Phillips
acted for COBA.




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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