Trading Statement

Big Yellow Group PLC
07 January 2003


Embargoed for 0700                                                7 January 2003






                              Big Yellow Group PLC

                            Quarterly Trading Update



Big Yellow Group PLC, the self storage company, has today provided the following
update on trading for the quarter ending 31 December 2002.



•      Turnover for the quarter was £4.1 million
    up 5% from £3.9 million for the quarter to 30 September 2002
    up 78% from £2.3 million for the same quarter last year


•      Annualised revenue is now £17.3 million
    up 5% from £16.4m at 30 September 2002
    up 80% from £9.6m at the same time last year


•      808,000 sq ft occupied at the quarter end
    up 7% from 753,000 sq ft at 30 September 2002
    up 75% from 462,000 sq ft at the same time last year



•      The number of customers increased by 8% to 12,400 compared to
       11,500 at 30 September 2002 and 6,800 at 31 Dec 2001, up 82%


•      Merchandise, insurance and other sales were 12.5% of storage
       income for the quarter to 30 December 2002 (quarter to 30 September 
       2002: 14.5% and quarter to 31 December 2001: 11.7%)



•      There are 25 stores currently open with a further 6 stores
       committed providing 1.85 million sq.ft. of storage space when completed;



Nick Vetch , Chief Executive, commented:



The business has been relatively resilient, with continuing revenue growth in
the quarter. As indicated at the time of our interims, we believe however that
performance has not been, and is unlikely to be, completely immune to the
uncertain economic outlook.



We remain confident however in the fundamental business model and financial
structure of the Group which is cash flow positive, asset rich, with relatively
low levels of debt.



                                     -Ends-



For further Information, please contact:


Big Yellow Group PLC                                             01276 470190
Nicholas Vetch, Chief Executive
James Gibson, Chief Operating Officer


Weber Shandwick Square Mile                                     020 7067 0700
Louise Robson/ Sally Lewis




                      This information is provided by RNS
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