Disposal

Leeds Group PLC
01 August 2002


Issued by Leeds Group plc
Date: Thursday 1st August 2002



                                Leeds Group plc


             Leeds Group completes substantial property transaction


Leeds Group plc announces that it has today completed the sale to David Wilson
Homes Limited of its Banksfield Dyeworks site at Yeadon, Leeds for a cash
consideration of £1.85 million. The proceeds have been applied to reduce the
level of Group debt.

This site was included in the accounts at £1.5 million, and has been surplus to
requirements since the Scott & Rhodes business was closed in December 1998,
since when residential planning consent has been obtained.  This transaction
completes the sales of surplus UK properties, which have in total realised £6.3
million.


Enquiries:


Chris Marsden, Chief Executive
Malcolm Wilson, Group Finance Director
Leeds Group plc

Tel: [phone]


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