Stmt.re Holding by Mentmore

Workspace Group PLC
18 April 2001


                        WORKSPACE GROUP PLC ('Workspace')

The Workspace Board  notes the  announcement by  Mentmore Abbey plc ('Mentmore
Abbey') regarding  Mentmore Abbey's  review of  its options  for  its stake in
Workspace. 

In the last two weeks and with Mentmore Abbey's knowledge, our brokers, WestLB
Panmure,   arranged  to  place  Mentmore  Abbey's  stake   with  a  number  of
institutional investors. However, Mentmore Abbey's  price expectations  do not
seem to accord with current market conditions. 

Workspace  continues  to  follow  its consistent  and successful  strategy  of
focusing  on  flexible  affordable  space for  the SME sector, particularly in
London and the  South East. Our prospects  going forwards continue to be good,
as  outlined in the  results for  our third quarter  announced on 19 February,
2001. 

Date: 18 April 2001

For further information contact:

Harry Platt, Chief Executive             Jonathan Gillen  
Workspace Group PLC                      Simon Courtenay
020-7247-7614                            City Profile 
                                         020-7726-8588