AGM Statement

Workspace Group PLC
29 July 2003


                       WORKSPACE CHAIRMAN'S AGM STATEMENT


Speaking at today's Annual General Meeting, Tony Hales, the Chairman of
Workspace Group PLC ('Workspace') made the following statement:

' We expect to show good progress in both profits and earnings in our first
quarter results. We continue to have good enquiry rates and conversions to
lettings. At the end of the quarter, occupancy continues to be at high levels
(87.3% on a like-for-like basis and 83% overall). There has been a slight
reduction in overall occupancy over the period partly as a result of the
continued programme of development and refurbishment projects investing in the
long-term growth of the business. These refurbishment schemes should generate
significant rental growth later in the year.

' We are currently negotiating the disposal of certain estates, where we have
achieved approval for changes of use or where the property is subject to
compulsory purchase orders. These are currently low yielding investments and so
post-interest earnings will not be affected by these disposals, but will improve
as soon as the proceeds from disposal are reinvested.

' Last week we announced the purchase of the Poplar Business Park for £16.1m. I
am pleased to report that we exchanged contracts on a further £3.4m purchase
yesterday and that a further £16.0m of acquisitions are in legal hands.

' The Group is confident of meeting market expectations for the year, and
continuing to grow shareholder value.'

' The Group will announce its first quarter results to the 30th of June on
Monday 11 August 2003.'

                                     -ends-

Date: 29 July 2003

For further information:

Workspace Group PLC                                       City Profile Group
Harry Platt, Chief Executive                              Simon Courtenay
Mark Taylor, Finance Director                             020-7448-3244
020-7247-7614
e-mail: [e-mail]
web: www.workspacegroup.co.uk



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