Result of Placing

Big Yellow Group PLC
12 July 2006


   THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE
                                 UNITED STATES


              Big Yellow Group PLC ("Big Yellow" or the "Company")

                       Results of Placing (the "Placing")


Big Yellow is pleased to announce the successful completion of the Bookbuild
referred to in the Placing announcement made earlier today.  A total of
9,100,000 new ordinary shares of 10 pence each ("Placing Shares") have been
placed, by JPMorgan Cazenove Limited, with institutions at a price of 400 pence
per share, raising approximately £36.4 million before expenses.  The Placing
Shares represent approximately 8.85% of Big Yellow's issued share capital prior
to the Placing.

The Placing Shares will be issued credited as fully paid and will rank equally
in all respects with Big Yellow's existing ordinary shares, including the right
to receive all future dividends and other distributions after the date of issue
of the Placing Shares.

The Placing is conditional, inter alia, on admission of the Placing Shares to
the Official List of the Financial Services Authority and to trading on the
London Stock Exchange's market for listed securities (together "Admission").

Application has been made for Admission and it is expected that settlement will
occur, Admission will be come effective and dealings in the Placing Shares will
commence at 8.00 a.m. on 17 July 2006.


ENQUIRIES:

Big Yellow                            Tel: [phone]
Nicholas Vetch
Jimmy Gibson

JPMorgan Cazenove                     Tel: [phone]
Richard Cotton
Robert Fowlds
Shona Graham
Roger Clarke


This announcement is for information purposes only and does not constitute an
offer or invitation to acquire or dispose of any securities or investment advice
in any jurisdiction.

JPMorgan Cazenove Limited, which is authorised and regulated by the Financial
Services Authority, is acting exclusively for Big Yellow and no one else in
connection with the Placing and will not be responsible to anyone other than the
Company for providing the protections afforded to customers of JPMorgan Cazenove
Limited or for providing advice in relation to the Placing.

Past performance is no guide to future performance and persons needing advice
should consult an independent financial adviser.

The information contained in this announcement is not for release, publication
or distribution, directly or indirectly, to persons in the United States. This
announcement is not an offer of securities for sale into the United States. The
Placing Shares have not been and will not be registered under the US Securities
Act of 1933, as amended, and may not be offered or sold, directly or indirectly,
in the United States absent registration or an exemption from registration.
There will be no public offering of securities in the United States. The Placing
Shares have not been and will not be registered with any regulatory authority of
any state within the United States.






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