Director Shareholding

Big Yellow Group PLC
16 December 2002

Big Yellow Group PLC

Directors Shareholdings

16th December 2002

The Company announces today that it has granted the following share options
under the Big Yellow Group PLC Unapproved Share Option Plan to Directors of the
Company in respect of 990,000 Ordinary Shares of 10p each as follows:


Director                  Date of Grant    Exercise Price      Exercise Period                 Number of shares

Nicholas Vetch            16.12.02         81.5 pence          16.12.05 -15.12.12              185,000
Philip Burks              16.12.02         81.5 pence          16.12.05 -15.12.12              185,000
James Gibson              16.12.02         81.5 pence          16.12.05 -15.12.12              220,000
Adrian Lee                16.12.02         81.5 pence          16.12.05 -15.12.12              200,000
Stephen Homer             16.12.02         81.5 pence          16.12.05 -15.12.12              200,000

Contacts:

Nick Vetch, Chief Executive

James Gibson, Chief Operating Officer

Big Yellow Group PLC

Tel: [phone]


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