Disposal

Workspace Group PLC
29 May 2001


                           WORKSPACE TO RE-INVEST IN
                             LONDON AND SOUTH EAST
                         AFTER £42M MIDLANDS DISPOSAL

Workspace  Group  PLC,  ('Workspace'), London's leading provider  of  flexible
workspace to small and medium sized enterprises (SMEs) today announces that it
has  exchanged contracts to sell its Midlands property portfolio  to  Northern
Trust  Company  Ltd, a  private property company.   The portfolio comprises 26
multi- let   estates  that  totals  1.22  million  sq.  ft  (113,338  sq.  m).
The consideration is £42.3 million in cash (the same as book value).

It is  Workspace's  intention  to  re-invest   the  proceeds   into  acquiring
properties in London and the South East.

Harry Platt, Chief Executive said,

'  Our  Midlands portfolio has performed very well and is an excellent quality
portfolio of properties.  However, we have proved that we can deliver improved
returns  from  investing in opportunities in the Capital and  the  South-East.
This  disposal will provide the firepower to strengthen our dominant  position
as the leading supplier of space for new and small businesses in London.

'   We  are determined to continue to drive our business forward.  We  aim  to
double the floor space under our management in this region over the next  five
years.  Capital released from this disposal will be re-invested in London  and
the  South  East  as  we pursue these ambitions, driving  forward  the  equity
returns for our shareholders.'


Date: 29 May 2001

For further information contact:

Harry Platt, Chief Executive                  Simon Courtenay
Workspace Group PLC                           Ed Senior
020-7247-7614                                 City Profile
e-mail: [e-mail]             020-7726-8588
Web:    www.workspacegroup.co.uk              e-mail:[e-mail]