Capital Reduction

Leeds Group PLC
29 July 2003


Issued by Leeds Group plc                                    Immediate Release
Date: Tuesday, 29 July 2003


                       Leeds Group plc (the 'Company')
     Capital reduction including special capital payment to shareholders


Further to the announcement released on 23 July 2003, Leeds Group plc announces
that the capital reduction is now effective following today's registration of
the court order with the Registrar of Companies.

The special capital payment of 13 pence per ordinary share will be made on 8
August 2003 to the Company's shareholders who appear on the register of members
at 5pm on 29 July 2003.



Enquiries:

Leeds Group plc                               Citigate Dewe Rogerson Ltd
Dawn Bowler, Group Finance Director           Fiona Tooley
Tel: [phone]                            Tel: [phone]

                                              KPMG Corporate Finance
                                              Bob Bigley
                                              Tel: [phone]



KPMG Corporate Finance, a division of KPMG LLP which is authorised by The
Financial Services Authority for investment business activities, is acting for
the Company as nominated adviser and is not acting for any other person. KPMG
Corporate Finance will not be responsible to anyone other that the Company for
providing the protections afforded to its clients or for providing advice in
relation to the contents of this document or any transaction or arrangement
referred to herein.


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