TAP.L Regulatory News (TAP)

24 Apr 2007 07:00

Teesland Advantage Property Inc Tst24 April 2007 FOR IMMEDIATE RELEASE 24 April 2007 Teesland Advantage Property Income Trust Limited ("TAP" or " The Company") Net Asset Value as at 31 March 2007 TAP, the listed UK commercial property investment company, which is advised byTeesland Asset Management Limited, a wholly owned subsidiary of Teesland iOG,reports its Net Asset Value ("NAV") on a quarterly basis; TAP's unaudited NAVper Ordinary Share as at 31 Mar 2007 was 119.0 pence compared with 117.0 penceat 31 December 2006. The NAV figure incorporates the external portfolio valuation at 31 March 2007. The NAV attributable to Ordinary Shares is calculated under InternationalFinancial Reporting Standards (IFRS"). The portfolio will next be valued as at30 June 2007 with the NAV published in July 2007. For further information: Brett Robinson, Teesland plc: 020 7659 6666Darren Fennell, Teesland plc 020 7659 6666Jeremy Carey/Richard Sunderland Tavistock Communications Limited 020 7920 3150Anson Fund Managers Limited, Company Secretary 01481 722260 END OF ANNOUNCEMENT E&OE - in transmission This information is provided by RNS The company news service from the London Stock Exchange