RNS Number:8794T
Teesland Plc
06 January 2004

                                                                  6 January 2004



                            Re: Interim Dividend

Teesland plc ("Teesland"), the earnings based fund and asset manager, announces
that the Court of Session in Scotland ("the Court") has granted approval for
Teesland to apply its share premium account against the debit balance on its
profit and loss account with the balance being held as a distributable reserve.


As intimated in its Annual Report distributed to shareholders on 30 September
2003 it is Teesland's intention to declare an interim dividend for 2003/04
subject to Court approval being received.  The Directors have resolved,
therefore, to pay such dividend, the details of which will be announced along
with the release of the half year statement on 24 February 2004.





For further information please contact

Stephen McBride                               Jeremy Carey/Marylene Guernier
Teesland plc                                  Tavistock Communications
Tel: 020 7493 4636                            Tel: 020 7920 3150




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