Holding(s) in Company

RNS Number:1061R
Teesland Plc
12 February 2007


TR-1:               NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying issuer of existing                 Teesland Plc
shares to which voting rights are attached:

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                       X

An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________

3. Full name of person(s) subject to the notification            Polygon Global Opportunities Master Fund
obligation:                                                           Polygon Investment Partners LP
                                                                     Polygon Investment Partners LLP
                                                                  Polygon Investment Partners HK Limited
                                                                       Polygon Investments Limited

4. Full name of shareholder(s) (if different from 3.):                   Morstan Nominees Limited

5. Date of the transaction (and date on which the threshold is               8 February 2007
crossed or reached if different):

6. Date on which issuer notified:                                            9 February 2007

7. Threshold(s) that is/are crossed or reached:                                    26%

8. Notified details:


A: Voting rights attached to shares
Class/type of     Situation previous to   Resulting situation after the triggering transaction
shares            the Triggering
                  transaction
 if possible      Number of   Number of   Number of     Number of voting rights   % of voting rights
using the ISIN    Shares      Voting      shares
CODE                          Rights      Direct        Direct       Indirect     Direct       Indirect

Ordinary 1p       31,542,623  31,542,623  33,433,513    33,433,513   n/a          26.61%

ISIN
GB0031695223


B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights

33,433,513                                         26.61%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:

Polygon Investment Partners LLP, Polygon Investment Partners LP and Polygon Investment Partners HK Limited (the 
"Investment Managers") and Polygon Investments Ltd. (the "Manager") share voting power of the securities held by Polygon
Global Opportunities Master Fund.  The Investment Managers are wholly-owned subsidiaries of the Manager.


Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:

14. Contact name:                            Sean Cote

15. Contact telephone number:                0207 901 8330




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