Interim Management Statement

RNS Number:8757H
Teesland Plc
16 November 2007


                                  TEESLAND PLC

                          INTERIM MANAGEMENT STATEMENT

Teesland PLC (the "Company") presents its interim management statement for the
first six month period of its financial year as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.

The Company published its Annual Report on 28 September 2007 for the full year
to 30 June 2007. This interim management statement summarises any further
relevant information since that date.

The property market in the UK continues to experience challenging investment
conditions although the Company has seen strong occupier demand, especially
within its iO multi-let industrial funds where lettings and tenant retention
rates are at historically high levels.

In Europe, there has been little evidence of the type of investment conditions
experienced in the UK and strong occupier demand is evident in all markets where
the Company is operating.

The Company has successfully concluded the extension of its Osprey fund for a
further 7 years to 2016 with its management contract being extended at the same
time.

The Company is continuing with its plans to launch further funds during the
year, especially in Europe, although the impact of the lack of liquidity in
international financial markets has yet to be fully quantified. In addition, the
Company is looking at other opportunities to create income through its property
services business.

Through the above initiatives, the Company is seeking to build further
diversified lines of income which build upon profitability levels of previous
years.

Other than the matters described above, the Board is not aware of any material
events during the period from 1 July to the date of this statement which would
have a material impact on the financial position of the Company.

For further information call:

Marcus Shepherd                     Tel: [phone]
Company Secretary
Teesland PLC




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