FORM 8.3
                                                            
                        DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
                                             (Rule 8.3 of the Takeover Code)


1.      KEY INFORMATION

Name of person dealing  (Note 1)                    Polygon Investment Partners LLP and Polygon Investment Partners LP, acting
                                                    on behalf of Polygon Global Opportunities Master Fund
Company dealt in                                    Teesland Plc
Class of relevant security to which the dealings    Ordinary shares of 1p
being disclosed relate (Note 2)
Date of dealing                                     29 January 2007


2.      INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)     Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

                                                                   Long                                  Short

                                                         Number              (%)               Number               (%)

(1) Relevant securities                                31,542,623           25.11%                                    
    
(2) Derivatives (other than options)                                                                                  
    
(3) Options and agreements to purchase/sell                                                                           
    
Total                                                  31,542,623           25.11%                                    


(b)     Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security:                                        Long                                  Short
                         
                                                         Number              (%)               Number               (%)

(1) Relevant securities                                                                                               
    
(2) Derivatives (other than options)                                                                                  
    
(3) Options and agreements to purchase/sell                                                                           
    
Total                                                                                                                 


(c)     Rights to subscribe (Note 3)

Class of relevant security:                         Details

                                                    



3.      DEALINGS (Note 4)

(a)     Purchases and sales

Purchase/sale                               Number of securities                     Price per unit (Note 5)

                Purchase                                     110,000                                165.00 pence
                Purchase                                   7,975,301                                167.25 pence
                Purchase                                   7,180,280                                167.25 pence
                Purchase                                   7,537,595                                167.25 pence
                Purchase                                   3,189,947                                167.25 pence
                Purchase                                   5,549,500                                167.25 pence
                                                            
        

(b)     Derivatives transactions (other than options)
 
Product name,            Long/short (Note 6)          Number of securities (Note 7)           Price per unit (Note 5)
e.g. CFD
CFD                      Short                                      7,975,301                           167.25 pence
                                      
CFD                      Short                                      7,180,280                           167.25 pence
                         
CFD                      Short                                      7,537,595                           167.25 pence

CFD                      Short                                      3,189,947                           167.25 pence

CFD                      Short                                      5,549,500                           167.25 pence


(c)     Options transactions in respect of existing securities

(i)     Writing, selling, purchasing or varying

Product name,            Writing,           Number of securities    Exercise    Type, e.g.       Expiry       Option money
e.g. call option         selling,           to which the option     price       American,        date         paid/received
                         purchasing,        relates (Note 7)                    European etc.                 per unit (Note
                         varying etc.                                                                         5)
                                                                                                                      


(ii)    Exercising

Product name, e.g. call option              Number of securities                     Exercise price per unit (Note 5)
                                                                                     
                                                                                     
                                                                                     



(d)     Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)              Details                                  Price per unit (if applicable) (Note 5)

                                                                                     

4.      OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the
voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future
acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.  If none,
this should be stated.




Is a Supplemental Form 8 attached? (Note 9)                                No


Date of disclosure                                                        30 January 2007
Contact name                                                              Sean C�t�
Telephone number                                                          +44 207 901 8330
If a connected EFM, name of offeree/offeror with which connected          
If a connected EFM, state nature of connection (Note 10)                  


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk



                                                                
Polygon Global Opportunities Master Fund
Teesland (LSE:TLD)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Teesland Charts.
Teesland (LSE:TLD)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Teesland Charts.