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Dividend Declaration

8th May 2006 10:45

Teesland Advantage Property Inc Tst08 May 2006 TEESLAND ADVANTAGE PROPERTY INCOME TRUST LIMITED (THE "COMPANY") DIVIDEND DECLARATION The Directors have declared first interim dividends in respect of the financialyear ended 31 December 2006 as follows: 1.625 pence per each Ordinary Share (Ordinary Shares that were in existencebefore the C Share conversion) in respect of the financial year ended 31December 2006. This dividend will be payable on 2 June 2006 to holders onrecord 19 May 2006. The corresponding ex-dividend date will be 17 May 2006. 0.776 pence per each New Ordinary Share (New Ordinary Shares that resulted fromthe C Share conversion) in respect of the financial year ended 31 December 2006.This dividend will be payable on 2 June 2006 to holders on record 19 May 2006.The corresponding ex-dividend date will be 17 May 2006. This split dividend is in accordance with the Company's intentions as set out inthe Company's prospectus published in January 2006 in connection with theplacing of C Shares to pay a dividend to holders of New Ordinary Shares only inrespect of the period from the Conversion Time up to 31 March 2006. For further information contact: Anson Fund Managers LimitedCompany Secretary Tel: Guernsey 01481 722260 8 May 2006 This information is provided by RNS The company news service from the London Stock Exchange

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