Treasury Stock

Big Yellow Group PLC
25 June 2004

Repurchase of shares

Big Yellow Group Plc ("Big Yellow") announces that on 25 June 2004, it purchased
50,000 of its ordinary shares at a price of 134 pence per share from Cazenove &
Co. Ltd "Cazenove". These shares were purchased pursuant to an instruction given
by Big Yellow to Cazenove on 25 June 2004.

Under changes to the Companies Act 1985 that came into force on 1 December 2003,
shares re-purchased out of distributable profits may be held "in treasury" for
later sale, cancellation or transfer for the purpose of or pursuant to an
employee share scheme instead of being cancelled immediately.

The Board of Big Yellow has resolved to take advantage of this change in
legislation and accordingly the 50,000 shares re-purchased will be held by Big
Yellow in treasury pending their transfer out of treasury to an employee share
scheme benefit trust that is currently being established.


Enquiries:                Big Yellow
                          James Gibson, Chief Executive
                          Tel:  [phone]



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