Trading Statement

Big Yellow Group PLC
18 January 2005

                                                                18 January 2005
                              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 2004.

•  Turnover for the quarter was £8.8 million
    - Up 40% from £6.3 million for the same quarter last year
    - Up 6% from £8.3 million for the quarter to 30 September 2004

•  Annualised revenue is now £35.0 million
    - Up 36% from £25.7 million at the same time last year
    - Unchanged from £35.0 million at 30 September 2004

•  Profit before tax of £1.07 million for the third quarter
    - Up 106% from £0.52 million for the same quarter last year
    - Up 8% from £0.99 million for the quarter to 30 September 2004

•  1,418,000 sq ft occupied at the quarter end
    - Up 20% from 1,181,000 sq ft at the same time last year
    - Up 1% from 1,403,000 sq ft at 30 September 2004

•  The number of customers increased to 23,600 compared to 19,100 at 31
   December 2003 and 23,300 at 30 September 2004

•  Packing materials, insurance and other sales were 12.2% of storage
   income for the quarter to 31 December 2004 (quarter to 31 December 2003: 
   13.1% and quarter to 30 September 2004: 15.0%)

•  One store at Tolworth opened in the quarter bringing the total number
   of open stores to 32 with a total capacity of 1.91 million square feet of 
   which 74% was occupied at the quarter end.

•  One freehold site has been acquired in the quarter at Leeds, which
   when developed will provide an additional 70,000 of square feet net storage.
   This brings the number of stores open or committed to 43 providing a total 
   of 2.65 million square feet when completed.

James Gibson, Chief Executive Officer, commented:

"In the face of testing market conditions and in our weakest trading quarter,
the Group's performance has proved relatively resilient.

"We have been successful at acquiring 5 sites in the year to date, including our
first store in Leeds. However, we continue to experience planning delays,
particularly in London.

"We now look forward to our historically busier trading period, commencing in
early Spring".

                                    - 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/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 May 2002.

Big Yellow has expanded rapidly and now operates from 32 stores in London and
the South, with a further 11 stores in development and of the 43, 33 are held
freehold and one long leasehold. 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 2.65 million sq ft of flexible storage
space. Big Yellow currently has 23.600 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.





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