Acquisition

Big Yellow Group PLC
3 August 2000


Big Yellow Acquires Three New Stores

Big Yellow Group PLC ('the Group') today announces the
acquisition of three new stores in Brighton, Cardiff and
Southend.

On the Lewes Road, Brighton (A270), the Group has exchanged
contracts to acquire, for £1.85m cash, the freehold interest
in a property that will provide, following refurbishment,
60,000 sq. ft. of self storage. The Lewes Road, is a main road
in this tightly constrained town, and the landmark building is
located opposite a significant concentration of out of town
retailing. The vendors have up to 17 months to vacate the
property following which refurbishment work can commence.  A
deposit of £185,000 has been paid with the balance due on
provision of vacant possession.

At Penarth Road, Cardiff (A4160), the Group has acquired a
freehold site of £850,000 cash upon which the Group is
proposing to build a new built 50,000 sq. ft. store. The
proposed store will be a short distance south of Cardiff city
centre, close to a substantial office, retail and leisure
development in a highly prominent location.  Construction will
commence in October of this year.

At Arterial Road, Southend (A127), the Group has acquired, for
£1.6m cash, the freehold of a building that will provide a
50,000 sq. ft. store. The store will be located on the only
main road into Southend and will be highly visible and
accessible. Refurbishment works are anticipated to commence in
September of this year.


For further enquiries contact:

Nicholas Vetch  Chief Executive     01276 470 190
James Gibson    Finance Director