RNS Number : 7825D
Inland PLC
29 March 2011

For immediate release

29 March 2011


Inland plc

Land update

('Inland' or the 'Company')

Inland PLC is pleased to announce that the deferred consideration payment of £7,008,250 due on 25 March 2011 on the project at West Drayton has now been paid to Defence Estates.  In accordance with the Option and Development Services Agreement with Drayton Garden Village Ltd, Inland's profit share from this project now increases from 41.96% to 58.19% as a result of this payment.


Inland plc

Stephen Wicks, Chief Executive                                                  Tel:  01494 762450

Nishith Malde, Finance Director                                                   Tel:  01494 762450


finnCap Nominated Adviser & Broker

Matthew Robinson (Corporate Finance)                                        Tel:  020 7600 1658

Charlotte Stranner (Corporate Finance)                                        Tel:  020 7600 1658


Buchanan Communications

Jeremy Garcia / Christian Goodbody                                            Tel:  020 7466 5000



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