Acquisition

Mentmore Abbey Plc
19 June 2000

                              
                     MENTMORE ABBEY PLC
                              
       ACQUISITION OF BRITISH SELF STORAGE FOR £27.5 M

    Continuing Aggressive Expansion Programme In Personal
                           Storage

Mentmore Abbey plc, the largest space management group in
the UK, is pleased to announce the acquisition of British
Self Storage ('BSS'), estimated to be the UK's third largest
operator, for £27.5 million in cash and loan notes.

BSS is a leading personal storage business, operating from
six sites, which are all geographically complementary to the
Group's 26 existing stores; two in Stockport, two in Bristol
and one in each of Bath and Reading.  Total capacity of the
six sites is 730,000 square feet gross and 520,000 square
feet net, of which 271,000 square feet is currently let.

In the year to 30 April 2000 BSS achieved proforma operating
profits of £1.3 million on turnover of £3.0 million and had
net assets at the year end of £1.9 million.  This result was
achieved prior to the opening of Reading, Europe's largest
purpose built self storage centre, and with 37% of space at
BSS's other five stores available for use by customers.

Commenting on the acquisition of BSS, Nick Smith, Chairman
of Mentmore Abbey, said:

'BSS is a perfect fit with our existing operations and
offers excellent growth potential.  It allows us to increase
our space by 55% without incurring the normal operating
losses associated with new centre openings.  We are
delighted to have secured this quality opportunity.'

For further Information please contact:

Mentmore Abbey plc                        020 8946 3159
Kim Taylor-Smith, Chief Executive
Clive Drysdale, Finance Director

Buchanan Communications                   020 7466 5000
Richard Oldworth
Catherine Miles