AGM Statement

Workspace Group PLC
26 July 2005





                 WORKSPACE MAINTAINS PROGRESS AT AGM

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

' We are well advanced in achieving our current acquisitions target having
already completed four acquisitions totalling £39.7m in the year to date, with
others in legal hands. A separate announcement on these is being published
today.

' Despite the fact that the overall economic environment is becoming more
challenging, we have still been able to achieve an increase in the like-for-like
rent roll over the quarter of £0.28m. Progress on our key projects at Southbank,
Enterprise and Clerkenwell is good. Like-for-like occupancy of our portfolio
excluding development schemes and new acquisitions remains at approximately 90%.
Taking into account our development schemes and acquisitions overall occupancy
at the quarter end was 86%.

' It is still too early to assess the impact of the bombings and incidents in
London on July 7th and 21st. However, we have been able to maintain our
operations un-interrupted and we continue to monitor developments here and in
the economy generally.

' We anticipate releasing our results for the three months to the end of June
2005 on 1 September 2005. This will include, for the first time in a quarterly
statement, an external valuation and will be based on the new International
Financial Reporting Standards (IFRS).

' Finally, we are delighted with the decision to award the 2012 Olympics to
London. This will boost London's economy and accelerate urban regeneration in
East London, an area we know well. With our London focus and our SME customer
base the Group should benefit from this investment in the Capital.

' The opportunities for Workspace remain considerable. Your Board is committed
to meeting the challenges and maintaining growth in shareholder value by
providing affordable, flexible space for the new and small businesses that form
the heart of the London economy.'

                                     -ends-

Date: 26 July 2005

For further information:

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

web: www.workspacegroup.co.uk
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