Trading Statement

Big Yellow Group PLC
13 July 2004

13 July 2004

                              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 30 June 2004.

  • Turnover for the quarter was £7.3 million
           up 11% from £6.6m for the quarter to 31 March 2004
           up 46% from £5.0 million for the same quarter last year

  • Annualised revenue is now £30.9 million
           up 11% from £27.8 million at 31 March 2004
           up 40% from £22.0 million at the same time last year

  • Profit before tax for the quarter was £0.71 million
           up 22% from £0.58 million for the quarter to 31 March 2004

  • 1,378,000 sq ft was occupied at the quarter end
           up 9% from 1,268,000 at 31 March 2004
           up 37% from 1,005,000 at the same time last year

  • The number of customers has increased by 12% to 22,900 compared to 20,400 at 
    31 March 2004 and by 38% from 16,600 at 30 June 2003.

  • Packing materials, insurance and other sales represented 15.6% of storage 
    income for the quarter to 30 June 2004 (quarter to 31 March 2004: 15.0% and 
    quarter to 30 June 2003: 14.1%).

  • With a store in Swindon opening during the period, there are 30 stores 
    currently trading with a total self storage capacity of 1.81 million sq ft 
    of which 76% was occupied at the quarter end.

  • Two sites in Bristol were acquired bringing to 10 the total number of stores 
    in planning and development. When fully developed these stores will provide 
    an additional 0.6 million sq ft of self storage capacity.  The total
    number of stores now open or committed totals 40, providing 2.41 million 
    sq ft when completed.

  • Net debt at 30 June 2004 was £78.6 million and the Group currently has total 
    bank facilities of £103 million.


James Gibson, Chief Executive Officer, commented:

"We have enjoyed good growth for the first quarter, and we expect this to
continue into the second quarter ending September 2004.

"The rate of revenue and occupancy growth in the second half of the financial
year is expected to be slower, partly due to the usual winter slowdown, but also
due to a reduction in available capacity as the occupancy levels of the 30
stores currently trading approach maturity. We anticipate profitability for the
year will remain in line with market expectations.

"We expect the rate of growth in revenue and occupancy to increase in the first
half of the next financial year as the majority of the 10 stores currently in
planning and development open that summer".

                                    - Ends -

For further information, please contact:

Big Yellow Group PLC                                   01276 470 190
Nicholas Vetch, Executive Chairman
James Gibson, Chief Executive Officer                  

Weber Shandwick Square Mile                            020 7067 0700
Louise Robson/Josh Royston



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 May 2002.

Big Yellow has expanded rapidly and now operates from 30 stores in London and
the South, with a further 10 stores in development and of the 40, 30 are held
freehold.  All trading stores, with the distinct yellow branding, are less than
five years old, the majority are located within the M25 and the remainder in
strong retail towns in the South.  When fully built out the portfolio will
provide approximately 2.41 million sq ft of flexible storage space.  Big Yellow
currently has 22,900 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 storage industry.


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