PFM Property FD Mgt

RNS Number:1686C
Teesland Plc
20 August 2004

                                              Date of Disclosure: 20 August 2004



DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS


Date of Dealing:  19 August 2004



Dealing in:  Property Fund Management plc



(1)   Class of securities:  Ordinary shares of 5p

(2)   Amount bought:  400,000 at 148p per share

(3)   Resultant total of same class owned or controlled:  14.9%

(4)   Party making disclosure:  Teesland plc

(5)   Name of purchaser:  Teesland plc

(6)   Reason for disclosure:  Rule 8.3 disclosure because of ownership of 1% or
      more of the class of relevant securities dealt in



Signed, for and on behalf of Teesland plc


Stephen McBride
Tel: 020 7318 2838




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