Purchase of Own Securities

Safeland PLC
02 August 2002

Press Announcement

Safeland PLC                                                       2 August 2002


Authority to make an off-market purchase of its ordinary shares

For approximately the past four years, the Company has sought to purchase its
own shares in the market.  For so long as the shares are traded at a discount to
the attributable net asset value per share such purchases have had the effect of
improving that net asset value.

Although the Board has exhausted all (or substantially all) of the relevant
general authority which it has been given each year, it has been difficult to
purchase large tranches of shares.  However, TR Property Investments Plc ('the
Vendor'), which holds 3,255,000 shares (constituting 12.92 per cent. of the
Company's issued share capital), has now agreed in principle to sell its entire
holding at a price of 50p per share (making an aggregate consideration of
£1,627,500).  The Vendor's holding of the Repurchase Shares has been a target of
Safeland's for some time as the Board believe that purchases of its own shares
in these continuing difficult market conditions are the best use of its funds
and that this is the only sizeable individual holding.  Although the purchase
price is an approximate 59 per cent. premium to the current share price, the
resultant net asset value per share enhancement justifies this price level.

The proposed Repurchase of the Repurchase Shares would increase pro forma net
asset value per share as set out in the unaudited preliminary results for the
year ended 31 March 2002 by over 3.5p to approximately 78p per Share.

The proposed Repurchase is subject to the approval of Shareholders at an
Extraordinary General Meeting convened for 10.00 am on 28 August 2002 notice of
which is contained in a circular to Shareholders being posted today.



- Ends -




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