Posting of Scheme Document

Mentmore PLC
07 May 2004

FOR IMMEDIATE RELEASE



                                  Mentmore plc
                           Posting of Scheme Document
                                   7 May 2004


Further to the announcement made by Mentmore plc ('Mentmore' or 'the Company')
on 28 April 2004 of the recommended proposals for the acquisition of the Company
by Safestore Acquisition Limited, to be implemented by means of a scheme of
arrangement under section 425 of the Companies Act 1985 ('the Scheme'), a
circular was posted yesterday to Mentmore shareholders.


The circular includes a notice convening a Court Meeting and an Extraordinary
General Meeting of the Company, to be held at the offices of Buchanan
Communications, 107 Cheapside, London EC2V 6DN on 1 June 2004 at 10.00a.m and
10.15a.m. respectively.


The expected timetable for implementation of the Scheme is as follows:


Court Meeting                                                       10.00 a.m. on Tuesday 1 June 2004

Extraordinary General Meeting                                       10.15 a.m. on Tuesday 1 June 2004

Hearing Record Time                                                6.00 p.m. on Saturday 19 June 2004

Hearing Date (to sanction the Scheme and confirm                                  Monday 21 June 2004
the reduction of share capital pursuant to the
Scheme)

Cessation of trading and dealings in Mentmore                       6.00 p.m. on Tuesday 22 June 2004
Shares

Scheme Record Time                                                  6.00 p.m. on Tuesday 22 June 2004

Effective Date                                                                 Wednesday 23 June 2004

Delisting of Mentmore Shares                                                   Wednesday 23 June 2004

Latest date for despatch of cheques to                                             Friday 2 July 2004
Shareholders




Other than the Court Meeting and the Extraordinary General Meeting, these times
and dates are indicative only and will depend, amongst other things, on the date
upon which the Court sanctions the Scheme and the associated reduction of
capital and the date on which the Conditions of the offer are satisfied or (if
capable of waiver) waived.



Copies of the circular will be available for inspection during normal business
hours on any weekday up to and including the Effective Date or the date that the
Scheme lapses or is withdrawn, whichever is the earlier, from:



Eversheds LLP, Senator House, 85 Queen Victoria Street, London EC4V 4JL



In addition, a copy of the circular will shortly be available for inspection at
the Document Viewing Facility at the Financial Services Authority, 25 The North
Colonnade, London E14 5HS.




Enquiries


Mentmore plc                                      020 8946 3159
Nicholas Smith
Clive Drysdale
Martin Nye

Bridgewell                                        0207 003 3000
Greg Aldridge

Hoare Govett                                      0207 678 8000
Ranald McGregor-Smith

Buchanan Communications                           020 7466 5000
Charles Ryland
Catherine Miles





Bridgewell, which is regulated in the United Kingdom by the Financial Services
Authority is acting exclusively for Mentmore and no-one else in connection with
the Proposals and will not be responsible to anyone other than Mentmore for
providing the protections afforded to customers of Bridgewell or for giving
advice in relation to the matters described herein.






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