Court approval

Leeds Group PLC
23 July 2003



Issued by Leeds Group plc                                    Immediate Release
Date: Wednesday, 23 July 2003






Leeds Group plc (the 'Company')
Court approval for capital reduction



Further to the Extraordinary General Meeting of the Company held on 27 June
2003, Leeds Group plc announces that it received confirmation today from the
High Court of Justice in England and Wales to carry out the proposed capital
reduction including a special capital payment of 13 pence per ordinary share to
shareholders.


Following registration of the court order with the Registrar of Companies, the
capital reduction is expected to become effective on 28 July 2003. Assuming that
the capital reduction becomes effective on this date, the 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 28 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