AGM Trading Update

Inland PLC 11 December 2007 Immediate Release 11 December 2007 Inland PLC ('Inland' or the 'Company') Progress Update for the Annual General Meeting The Annual General Meeting of Inland, which specialises in buying brownfield sites and enhances their value by obtaining planning permission, will be held at 11.00am today. Terry Roydon, Chairman, will make the following statement: 'I would like to take this opportunity today to comment briefly on Inland's recent performance and on our prospects for the current financial year. In line with our expectations we have received planning consent on the following three sites during the first five months of the current financial period: • 399 residential plots and approximately 100,000 sq ft of commercial space at our site in Farnborough, Hampshire; • 24 residential plots in Hatfield, Hertfordshire; and • 14 residential plots in Borehamwood, Hertfordshire. The development pipeline now comprises over 1,350 residential plots with a gross development value of circa £360m and approximately 230,000 sq ft of commercial space. The shortage for land with planning consent remains acute, not withstanding the fact that the housing market is facing softer conditions and we believe that we should achieve good returns on these sites. The expressions of interest received, for our sites at Farnborough and Hatfield, amply demonstrates the continued strong demand by housebuilders for land with planning consent. We believe that in the current environment, housebuilders will place a greater emphasis on acquiring land, which has already received planning consent as opposed to land that has not which will permit building to start immediately. 2007 has been a pivotal year for Inland as we successfully secured the desired funding through our IPO which has enabled us to implement our strategy of unlocking value in brownfield redevelopment. With the current government committed to increasing house building from 200,000 to 240,000 new homes per annum by 2016, greater emphasis will be placed on brownfield development alongside pressure for the release of green field sites. Although the planning system in the UK is incredibly complex, I am confident that our management team, which has considerable experience, will continue to be successful in obtaining lucrative opportunities and in obtaining planning permissions. We are pleased to have completed the acquisition of Poole Investments PLC ('Poole') which has presented some key opportunities for us going forward. The primary asset of Poole is a 9.5 acre site with waterside frontage in Lower Hamworthy, Dorset, upon which is an investment property that provides a rental income of £335,000 per annum. The site has significant development potential and we have already commenced initial discussions for what we believe will result in an exciting mixed use scheme, ultimately enhancing the value for our shareholders. Inland continues to demonstrate its ability to identify opportunities and create value in a market where there is an acute shortage of land with planning permission. I believe we have the strength and skills to increase Inland's underlying value and the next 12 months should represent a further period of considerable growth for the Company.' The Company's Annual Report for the period ending 30 June 2007 can be found on the Company's website, www.inlandplc.com For further information please contact: Inland Plc Tel: 01923 713 600 Stephen Wicks, Chief Executive Nish Malde, Finance Director Buchanan Communications Tel: 020 7466 5000 Jeremy Garcia / Susanna Gale Notes to Editors: Inland plc is a dynamic developer of urban regeneration projects around Southern England. Predominantly specialising in Brownfield developments, the Inland team can provide solutions to a variety of difficult and sensitive land situations. Inland successfully navigates the complex planning system, applying meticulous attention to detail throughout the design process whilst utilising its close working relationships with local authorities. Our ability to secure sites often overlooked by others, means our track record in the development of Brownfield opportunities is second to none. Dawnay, Day Corporate Finance Limited is the Nominated Adviser. David Floyd and Alex Stanbury can be contacted on 0207509 4570. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Inland Homes (INL)
UK 100

Latest directors dealings