HPS Hercules Props.

RNS Number:4380E
Safeland PLC
25 October 2004


Safeland Plc ("Safeland" or the "Company"), the property trading and investment
company, announces that it has accepted the offer made on 28 September 2004 by
Erinaceous Group plc ("Erinaceous") to shareholders, for the entire issued
ordinary share capital of Hercules Property Services plc ("Hercules"), which
went unconditional on 22 October 2004.  The offer consisted of 45p in cash and
2.183 ordinary shares in the capital of Erinaceous ("Erinaceous shares") for
every one ordinary share held in the capital of Hercules, resulting in Safeland
holding a total of 2,183,000 new Erinaceous shares.

On 22 October 2004, Safeland disposed of its entire holding of Erinaceous shares
at 130p per share.  Following the settlement of the trade on 5 November 2004 and
the receipt by the Company of #450,000 under the offer, the cash proceeds
totalling #3,287,900 will be utilised by Safeland as general working capital.

The 2,183,000 Erinaceous shares held by Safeland represents 2.45 per cent of the
issued ordinary share capital of Erinaceous.  The sale of the Erinaceous shares
together with the cash to be received from Safeland's acceptance of the offer
will result in a total gross profit of #1,229,900.  As at 31 March 2004,
Safeland's investment in Hercules was held in the books of the Company at cost,
at a value of #2,058,000.

Hercules was demerged from Safeland and floated on AIM in May 1996.


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

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