Offer Update

RNS Number:5598S
Scamp Holdings Limited
08 March 2007


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION
WHERE IT WOULD BE UNLAWFUL TO DO SO


                                                                    8 March 2007


                        SCAMP Holdings Limited ("SCAMP")

              Final Closing Date - Recommended Cash Offer for
                          Teesland Plc ("Teesland")


1.  Level of acceptances as at the Closing of the Offer on 7 March 2007

On 22 December 2006, SCAMP made a recommended cash offer to acquire the entire
issued and to be issued ordinary share capital of Teesland, not already owned or
otherwise contracted to be acquired by SCAMP or its associates, for 159.25 pence
per Teesland Share in cash.  On 20 February, SCAMP announced that the final
closing date of the Offer was 7 March 2007.

The board of SCAMP is pleased to announce that, as at 1.00 p.m. on 7 March 2007
(being the final closing date of the Offer), valid acceptances of the Offer had
been received in respect of a total of 82,647,712 Teesland Shares, representing
approximately 65.78 per cent. of the issued share capital of Teesland.

In addition, Scarborough Group Holdings plc (the parent company of SCAMP) holds
8,221,992 Teesland Shares (representing approximately 6.54 per cent. of the
issued share capital of Teesland).  Accordingly, SCAMP and its associates now
own or have received acceptances in respect of a total of approximately 72.33
per cent. of the issued share capital of Teesland.


2.  Irrevocable undertakings and letters of intent to accept the Offer;
interests in Teesland Shares

Irrevocable undertakings and letters of intent

As at 22 December 2006, being the date on which the Offer Document was posted,
SCAMP had received irrevocable undertakings to accept, or procure the acceptance
of the Offer in respect of, in aggregate, 49,040,917 Teesland Shares,
representing approximately 39.0 per cent. of Teesland's issued share capital. In
addition, SCAMP had received non-legally binding letters of intent to accept the
Offer in respect of, in aggregate, 7,082,060 Teesland Shares, representing
approximately 5.6 per cent. of Teesland's issued share capital.  Valid
acceptances have been received in respect of all such Teesland Shares.

Concert parties

Valid acceptances have been received in respect of 15,191,746 Teesland Shares as
shown below from persons acting in concert with SCAMP:

                                                                           Percentage of 
                                                                            issued share 
                                                                       capital as at the     
Name                                                       Number of        date of this 
                                                            Teesland        announcement  
                                                              Shares                 (%)

Kevin McCabe                                                   2,275                0.00
Scott McCabe                                                  46,755                0.04
Simon McCabe                                                  46,755                0.04
Didier Tandy                                                 221,311                0.18
Cesidio Di Ciacca                                          1,796,309                1.43
John Burnley                                               1,238,000                0.99
Stephen McBride                                            1,400,000                1.11
HBOS                                                      10,440,341                8.31


Disclosure of interests

Save for the irrevocable undertakings and letters of intent referred to above
and to the information in the tables below, neither SCAMP nor any person acting
in concert with SCAMP for the purposes of the Offer has the benefit of any
irrevocable commitment or letter of intent in respect of any Teesland Shares or
has any interest in any Teesland Shares, or any short position (whether
conditional or absolute and whether in the money or otherwise and including any
short position under a derivative), any agreement to sell, any delivery
obligation, any right to require another person to purchase or take delivery in
respect of any Teesland Shares, any right to subscribe for any Teesland Shares
or any stock borrowing or lending arrangement in respect of any Teesland Shares.

                                                                           Percentage of 
                                                                            issued share 
                                                                       capital as at the     
Name                                                       Number of        date of this 
                                                            Teesland        announcement  
                                                              Shares                 (%)

Scarborough Group Holdings plc                             8,221,992                6.54



Capitalised terms used, but not defined, in this announcement have the same
meaning as given to them in the offer document dated 22 December 2006 containing
the Offer, unless otherwise indicated.



Enquiries:


SCAMP                                                          Tel: [phone]

Kevin McCabe


UBS (Financial Adviser and broker to SCAMP)                    Tel: [phone]

Liam Beere

Mario Fera

Tavistock Communications Group (Financial Public Relations     Tel: [phone]
Adviser to SCAMP)

Jeremy Carey

Richard Sunderland


Responsibility

The SCAMP Directors accept responsibility for all information in this
announcement. To the best of the knowledge and belief of the SCAMP Directors
(who have taken all reasonable care to ensure that such is the case), the
information contained in this Announcement for which they are responsible is in
accordance with the facts and does not omit anything likely to affect the import
of such information.


General

UBS is acting exclusively as financial adviser to SCAMP and for no one else in
connection with the Offer and will not be responsible to anyone other than SCAMP
for providing the protections afforded to clients of UBS or for providing advice
in relation to the Offer, the contents of this announcement or any other matter
referred to therein.

This announcement is not intended to and does not constitute, or form any part
of, any offer to sell or any solicitation of any offer to purchase or subscribe
for any securities or the solicitation of any vote or approval in any
jurisdiction.  Any acceptance or other response to the Offer should be made only
on the basis of the information contained or referred to in the Offer Document
and the Form of Acceptance.  The laws of relevant jurisdictions may affect the
availability of the Offer to persons not resident in the United Kingdom.
Persons who are not resident in the United Kingdom, or who are subject to the
laws of any jurisdiction other than the United Kingdom, should inform themselves
about and observe any applicable legal or regulatory requirements of their
jurisdiction.  The Offer Document is available for public inspection.

Unless otherwise determined by SCAMP, the Offer is not being made, directly or
indirectly, in, into or from or by the use of mails of, or by any means of
instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce of, or through any facilities
of a national securities exchange of the United States, Canada, Australia or
Japan and the Offer is not capable of acceptance by any such use, means,
instrumentality or facilities or from or within the United States, Canada,
Australia or Japan.  Accordingly, copies of this announcement are not being, and
must not be, mailed or otherwise forwarded, distributed or sent in, into or from
the United States, Canada, Australia or Japan and persons receiving this
announcement (including, without limitation, custodians, nominees and trustees)
must not mail or otherwise forward, distribute or send it in, into or from any
such jurisdiction.  Doing so may render invalid any purported acceptance of the
Offer. This announcement has been prepared for the purpose of complying with
English law and the City Code and the information disclosed may not be the same
as that which would have been disclosed if this announcement had been prepared
in accordance with the laws of jurisdictions outside England.




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