Re: Intended Transfer to AIM

Leeds Group PLC
11 February 2002


Issued on behalf of Leeds Group plc

Date: Monday 11th February 2002

     Immediate Release



                Leeds Group plc ('Leeds Group' or the 'Company')

             TRANSFER TO THE ALTERNATIVE INVESTMENT MARKET ('AIM')


The Board of directors ('Board') of Leeds Group announces that it intends to
submit an application to the London Stock Exchange for its entire issued share
capital of 36,598,603 ordinary shares of 25p each ('Ordinary Shares') to be
transferred from the Official List of the London Stock Exchange ('Official
List') and admitted to trading on AIM.


It is expected that the Ordinary Shares will be admitted to trading on AIM and
that dealings will commence on or shortly after 8.00 am on 13 March 2002. The
listing of the Ordinary Shares on the Official List will be cancelled at the
same time.


In the last two years, the Company has become much smaller as a result of the
sale or closure of several textile businesses. The Board has concluded that,
given the small market capitalisation of the Company, a transfer of its share
quotation to AIM is in the best interests of all shareholders. The Board
anticipates that, as an AIM listed company, savings will arise in the costs of
administration and corporate transactions. Shareholders will be able to deal in
the Company's shares in precisely the same way as at present, although those
holding shares in a PEP or an ISA should seek independent financial advice. The
Board intends to market the Company to investment funds with particular
interests in AIM quoted securities with a view to increasing liquidity in the
Company's shares.


The AIM Rules require that the Company appoints a nominated adviser and
nominated broker before its Ordinary Shares are admitted to trading on AIM. Peel
Hunt, the Company's existing brokers, will act as nominated broker and KPMG
Corporate Finance has agreed to act as nominated adviser.


Enquiries:


Chris Marsden, Chief Executive

Malcolm Wilson, Group Finance Director

Leeds Group plc

Tel: [phone]


Fiona Tooley

Citigate Dewe Rogerson

Tel: [phone]



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