RNS Number:1473I
Inland PLC
20 November 2007

                                   Inland PLC

                                  Offer update

          Offer for Poole Investments PLC Ordinary Shares to close and
                             compulsory acquisition

For immediate release
                                                                20 November 2007

As at 1pm on 19 November 2007, Inland PLC had received valid acceptances of its
Offer for the ordinary shares ("PI Shares") of Poole Investments PLC ("Poole
Investments" or "PI") in respect of 93,353,483 PI Shares (representing 50.5% of
the PI Shares in issue). Inland has purchased 60,255,855 PI Shares (representing
35.6% of the PI Shares in issue), while the Offer has been open for acceptance.
These acceptances and share purchases amount to more than 90% of the PI Shares
to which the Offer relates.

It was stated in the document containing the offer by Inland PLC for the whole
of the issued share capital of Poole Investments (other than the 15,821,500 PI
Shares already held by Inland) dated 9 August 2007 (the "Offer Document"), that
Inland intended, in due course, to exercise its rights under sections 979 to
982 of Part 28 of the Companies Act 2006 (the "2006 Act"), should
those provisions be applicable, to acquire compulsorily all of the remaining PI
shares. Accordingly, Inland intends to post formal notices pursuant to section
979 of the 2006 Act to those PI shareholders who have not yet validly accepted
the Offer tomorrow. The compulsory acquisition will be effective on or about 2
January 2008 in respect of all PI Shares not held by Inland as at that date.

In aggregate, as at 1pm on 19 November 2007, Inland held 169,431,838 PI Shares
representing 91.6% of the total PI Shares in issue.

The Offer remains open for acceptance until 1pm on 2 January 2008, when it will

For PI Shares held in certificated form, Forms of Acceptance not yet returned
should be completed and returned in accordance with the instructions set out in
the Offer Document and on the Form of Acceptance so as to be received as soon as

For PI Shares held in uncertificated form, Electronic Acceptances should be made
in accordance with the instructions set out the Offer Document so that
settlement occurs as soon as possible. The Offer Document may be found at 

Any PI Shareholder who is in any doubt as to the procedure for acceptance,
should contact Capita Registrars on 0870 162 3121 or, if calling from outside
the UK,  44 20 8639 3399 (during normal business hours only). Calls to the
shareholder helpline may be monitored or recorded.

Inland PLC
Nishith Malde FCA                                   01923 713600

Dawnay, Day Corporate Finance Limited
David Floyd Tel:                                    020 7509 4570

Buchanan Communications
Jeremy Garcia Tel:                                  020 7466 5000

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

Unless the context requires otherwise, words and expressions in this
announcement have the same meanings as in the Offer Document.

Dawnay, Day Corporate Finance Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, has authorised this
announcement for the purposes of section 21 of the Financial Services and
Markets Act 2000. The principal place of business of Dawnay, Day Corporate
Finance Limited is 17 Grosvenor Gardens, London SW1W 0BD. Dawnay, Day Corporate
Finance Limited is acting exclusively for Inland and no one else in connection
with the Offer and will not be responsible to anyone other than Inland for
providing the protections afforded to customers of Dawnay, Day Corporate Finance
Limited or for providing advice in relation to the Offer or any other matter
referred to herein.

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