Interim Management Statement

Big Yellow Group PLC
15 January 2008



15 January 2008

                              Big Yellow Group PLC
                        ("Big Yellow" or "the Company")
                                        
                          Interim Management Statement
                                        
The Board of Big Yellow Group PLC, the UK's leading self storage brand, is
pleased to provide the following update on trading for the quarter ending 31
December 2007.

Quarterly highlights

 • Revenue for the quarter was £14.4 million
     - Up 12% from £12.9 million for the same quarter last year
     - Down 5% from £15.1 million for the quarter to 30 September 2007

 • Annualised revenue (*) at 31 December was £54.7 million
     - Up 12% from £48.9 million at the same time last year
     - Down 5% from £57.8 million at 30 September 2007

 • 1,800,000 sq ft occupied at the quarter end
     - Up 5% from 1,718,000(**) sq ft at the same time last year
     - Down 5% from 1,886,000(**) sq ft occupied at 30 September 2007

Store update

We have opened two new stores in the quarter, a 54,400 sq ft store in Ealing and 
a 60,000 sq ft store in Barking. The 71,600 sq ft Leeds store was transferred to 
Big Yellow Limited Partnership ("the Partnership") on 30 November as set out in 
our announcement of 26 November. We now have 45 open stores (all directly owned 
except Leeds) with a total self storage capacity of 2.75 million sq ft.

We intend to open a further three directly owned stores in this financial year, 
in Balham (60,000 sq ft), Merton (70,000 sq ft) and our flagship 139,000 sq ft 
store in Fulham.

Since announcing our interim results in November, we have acquired Kings House, 
Chiswick  This landmark freehold site fronts the A4 arterial road and we 
estimate will provide over 100,000 sq ft of self storage.  The building is 
currently let to Sotheby's and vacant possession should be available during 2010.  
We intend to refurbish the existing building and therefore a substantive planning 
permission will not be required.  This brings the total number of sites purchased 
in the financial year to ten.

We have also purchased the freehold interest of our existing Cheltenham store, 
increasing the freehold (including one long leasehold) proportion of our store 
portfolio by value to 91%.

The number of stores open and sites in planning or under development (including 
five in the Partnership) now total 73.  Of the 28 sites in the development 
pipeline, 12 have planning permission, with a further three applications submitted.

Planning update

We are pleased to announce that we have obtained planning consent at our site in 
Twickenham.  When complete, this will provide 75,000 sq ft of storage space.  
The store will open in Summer 2009.

We have recently been unsuccessful in our appeal against the refusal of planning 
permission at our site in Blackheath.  We are currently reviewing our options 
for the site.

Gearing and facilities

The balance sheet continues to remain relatively conservative with net debt of 
£261 million at 31 December 2007. The ratio based on net debt to gross property 
assets based on the 30 September 2007 valuations is 33%.  The Group has undrawn 
bank facilities of £62 million, with a further £66 million of undrawn facilities 
within the Big Yellow Limited Partnership, and £25.4 million of surplus land 
held for sale.

James Gibson, Chief Executive Officer, commented:

"As indicated in our interim statement in November, trading conditions have been 
more challenging over our third financial quarter.  That said, December's 
performance was better than last year and we are currently experiencing an 
earlier than usual seasonal pick up.  Visibility of our trading performance is 
limited at this stage, however we look forward to seeing whether this improvement 
continues."

* Based on revenue at the end of the period in respect of storage and other 
related income only
** This has been adjusted for the Leeds store, which is not included in these 
figures as it now trades in Big Yellow Limited Partnership

For further information, please contact:

Big Yellow Group PLC                                               01276 477 811
Nicholas Vetch, Chairman
James Gibson, Chief Executive Officer

Weber Shandwick Financial                                          020 7067 0700
Louise Robson/John Moriarty/Charlie Hooper


Notes to Editors
Big Yellow Group PLC is one of the leading and most dynamic self-storage groups
in the UK. It was founded in 1998 by Nicholas Vetch, Philip Burks and James
Gibson and listed on AIM in May 2000, moving to the Official List of the London
Stock Exchange in 2002.

Big Yellow has expanded rapidly and now operates from 44 stores in London and
the South, and one in Leeds (trading in Big Yellow Limited Partnership), with a
further 28 stores in development and of the 73, 63 are held freehold and three
long leasehold. All the stores have the distinct yellow branding, in accessible
main road locations, with the majority being within the M25 or in strong urban
conurbations. When fully built out the portfolio will provide approximately 4.6
million sq ft of flexible storage space.

The Group has pioneered the development of the latest generation of self-storage
facilities, which utilise state of the art technology and are located in high
profile, main road locations. Its focus on the location and visibility of its
buildings, coupled with excellent customer service, has created the most
recognised brand name in the UK self-storage industry.




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