Quarterly Trading Update

Big Yellow Group PLC 12 January 2006 12 January 2006 Big Yellow Group PLC Quarterly Trading Update The Board of Big Yellow Group PLC, the self storage company, is pleased to provide the following update on trading for the quarter ending 31 December 2005. • Turnover for the quarter was £10.8 million - Up 23% from £8.8 million for the same quarter last year - Up 1% from £10.7 million for the quarter to 30 September 2005 • Annualised revenue at 31 December 2005 was £42.5 million - Up 21% from £35.0 million at the same time last year - Down £0.2 million (-0.5%) from £42.7 million at 30 September 2005 • 1,642,000 sq ft occupied at the quarter end - Up 16% from 1,418,000 sq ft at the same time last year - Down 7,000 sq ft from 1,649,000 sq ft occupied at 30 September 2005 • We opened a 53,000 sq ft store in North Kensington on 12 December 2005 and initial trading has been encouraging. We expect to open our new store in central Bristol in March 2006, which will be our fifth opening this financial year • In December we acquired five freehold sites (one subject to planning), four in London at Kennington, Ealing/Hanwell, Sutton and south Bow, and one in Liverpool. These new stores will provide a further 310,000 sq ft of self storage capacity when fully developed • These newly acquired freehold sites take the total number of stores open or in planning and development to 52, which when fully developed will provide self-storage capacity of 3.2 million sq ft 36 stores are now open (total capacity of 2.16 million sq ft) and of the remaining 16 (total capacity 1.04 million sq ft) six have planning permisson James Gibson, Chief Executive Officer, commented: "In line with last year we have seen a slight growth in turnover, quarter on quarter, and a small loss in occupancy late in the quarter over the Christmas holiday period. January has started positively with increases in prospect calls and reservations and we look forward to our historically stronger trading period." - Ends - For further information, please contact: Big Yellow Group PLC 01276 470190 Nicholas Vetch, Chairman James Gibson, Chief Executive Weber Shandwick Square Mile 020 7067 0700 Louise Robson or Yvonne Alexander 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 35 stores in London and the South, and one in Leeds, with a further 16 stores in development and of the 52, 42 are held freehold and one 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 3.2 million sq ft of flexible storage space. At the 31st December, Big Yellow had 27,300 storage customers. 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
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