Trading Update

Big Yellow Group PLC
08 July 2003

8 July 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 30 June 2003.


• Turnover for the quarter was £5.0 million
  -  up 14% from £4.4 million for the quarter to 31 March 2003
  -  up 56% from £3.2 million for the same quarter last year

• Annualised revenue is now £22.0 million
  -   up 15% from £19.1 million at 31 March 2003
  -   up 53% from £14.4 million at the same time last year

• 1,005,000 sq ft occupied at the quarter end
  -   up 15% from 875,000 sq ft at 31 March 2003
  -   up 52% from 662,000 sq ft at the same time last year

• The number of customers has increased by 20% to 16,600 compared to
  13,800 at 31 March 2003 and by 64% from 10,100 at 30 June 2002.

• Merchandise, insurance and other sales represented 14.1% of storage
  income for the quarter to 30 June 2003 (quarter to 31 March 2003: 12.5% and
  quarter to 30 June 2002: 14.9%).

• There are 27 stores currently open with a further 6 stores committed
  providing 1.95 million sq ft of storage space when completed.

• A further two freehold sites have been acquired in the quarter at
  North Kensington and Byfleet, which when developed will provide a total of
  approximately 90,000 sq ft of net storage. In addition, the Group has acquired
  the freehold interest in its Milton Keynes store, bringing the total number of
  freehold stores to 23.

• Net debt at 30 June 2003 was £43 million. The Group has agreed further
  loan facilities of £24 million, £8 million from Royal Bank of Scotland and £16
  million from Morgan Stanley. Upon completion the Group will have approximately
  £35 million in cash and un-drawn facilities to fund expansion.

James Gibson, Chief Executive, commented:

"Trading has been robust throughout the quarter and we now expect to achieve
month-on-month pre-tax profitability in the current quarter.

"The Group's strengthening cash flows and the additional loan facilities we have
agreed will allow us to continue our expansion towards our long held goal of 50
stores".

                                    - Ends -

For further Information, please contact:

Big Yellow Group PLC                                                01276 470190
James Gibson, Chief Executive

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






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