AGM Statement

Workspace Group PLC
01 August 2006


                          WORKSPACE REPORTS ENCOURAGING
                                PROGRESS AT AGM

Speaking at the Company's Annual General Meeting being held today, Tony Hales,
Chairman of Workspace Group PLC ('Workspace') the leading provider of flexible
business accommodation to small and medium sized enterprises in London and the
South East, made the following statement.

' I am pleased to report, that the Group has made a positive start to the
year. We have made a number of property acquisitions which fit well with the
rest of the portfolio. We are particularly pleased that we have added to our
holdings near the Olympic site in East London. We believe that this area will
see continuing demand for space. The properties we have purchased will respond
well to our style of active management. We continue to track a wide range of
acquisition opportunities.

' Looking across the entire portfolio we have made some progress in driving
like-for-like rents forward. Overall occupancy remains steady.

' The legislation on Real Estate Investment Trusts (REITS) received Royal Assent
on 20 July. We expect to announce plans to convert to REIT status once the
detailed regulation and guidance has been settled.

' The joint venture with Glebe that we announced in June has made an encouraging
start. We have ambitious plans to accelerate the momentum of regeneration which
could realise significant value from a change of use or by intensifying the
current use. As pressure on space in central London continues to increase,
higher density mixed occupation of space remains at the forefront of urban
planning.

' The Group has made very good progress. Our market place remains robust even
though the economic environment with higher energy prices remains volatile. We
have a first class team to drive the business forward. There will be a further
update on progress when we announce the results for the first quarter on Monday
21 August 2006.'


                                     -ends-


Date: 1 August 2006

For further information:

Workspace Group PLC                             cityPROFILE
Harry Platt, Chief Executive                    Simon Courtenay
Mark Taylor, Finance Director                   020-7448-3244
020-7247-7614

web: www.workspacegroup.co.uk
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