Result of AGM

Leeds Group PLC
22 January 2001


Annual General Meeting
 
 
At today's Annual General Meeting (22 January 2001), Robert Wade, Chairman of
Leeds Group plc told shareholders: 
 
'All divisions within the Group, with the exception of UK Printing, are
showing an improvement in profitability for the first quarter when compared
with the same period last year. The performance of UK Printing reflects the
difficult conditions experienced in the UK high street, compounded by
relentless pressure from cheaper imports. We continue to monitor this
situation so that we are able to take appropriate action. 
 
'The reconstruction of the textile divisions, which last year saw two
subsidiaries sold and two others consolidated into one operation, will
continue. Resulting from this, we are now seeking planning permission for two
substantial brown field sites with considerable potential on the north of
Leeds.  
 
'Following an increase in new business of over 100% last year, Leeds Leasing
is on target for further substantial growth in the year ahead. 
 
'The Board considers that the current share price does not fully reflect the
worth of the Company's assets and businesses, and is committed to addressing
this through appropriate realisations, and by achieving better recognition of
the prospects of individual subsidiaries.' 
 
All Resolutions proposed at the Meeting were duly passed, save for
Resolutions 4, 6 and 7 where a poll was demanded, results of which will be
announced in due course. 
 
 
 
 
 
 
Enquiries: 
Chris Marsden 
Chief Executive     Fiona Tooley 
Leeds Group plc     Citigate Dewe Rogerson 
Tel: [phone]     Tel: [phone]