Transaction in Own Shares

Safeland PLC
19 October 2004

Press Announcement

Safeland PLC (the 'Company')                                    19 October 2004

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

The Company remains committed to its policy of purchasing its own shares in the
market whilst the shares continue to be traded at a discount to the attributable
net asset value per share. The Directors believe that the repurchase of the
Company's shares in these circumstances remains an effective way of improving
net asset value.

Chalfords Limited and Tickgold Limited who together hold an aggregate of
1,260,000 shares (constituting 6.4 per cent. of the Company's issued share
capital), have agreed in principle to sell their entire holdings at a price of
60p per share (making an aggregate consideration of £756,000) (the 'proposed
Repurchase').

The proposed Repurchase is an attractive opportunity and in keeping with the
Company's ongoing strategy. The Directors believe that the purchase by the
Company of its own shares remains the best use of its funds in current market
conditions. Although the purchase price is approximately a 16.5 per cent.
premium to the current share price, the resultant net asset value per share
enhancement justifies this price level.

The proposed Repurchase is subject to the approval of shareholders at an
Extraordinary General Meeting to be convened at 10.00 am on 11 November 2004,
notice of which is contained in a circular to shareholders posted yesterday.

- Ends -


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