LTIP - surrender of awards

RNS Number:5875R
Teesland Plc
20 February 2007

20 February 2007



Teesland Plc (the "Company")



Long Term Incentive Plan ("LTIP") - surrender of awards



On 3 April 2006, the following awards in the form of nil cost options over the
Company's ordinary shares of 1 pence each were granted to directors of the
Company under the LTIP:


Mickola Wilson               Chief Executive                            398,936
Paul Oliver                  Chief Investment Officer UK                287,234
John Sims                    Head of iOG Funds                          191,489
Marcus Shepherd              Group Financial Director                   141,489
David Seddon                 Chief Investment Officer Europe            159,574



The Company has today been notified that each of the directors named above has
voluntarily surrendered his or her award.  No form of compensation or
consideration was paid or is payable to any director in connection with the
surrender of these awards.



This notification is intended to satisfy the Company's obligations under DTR
3.1.4R and relates to transactions notified in accordance with both DTR 3.1.4R
(1)(a) and DTR 3.1.4R(1)(b).




Marcus Shepherd                                       020 7659 6666

Company Secretary










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