Result of EGM

Big Yellow Group PLC
08 August 2002

Big Yellow Group Plc

8 August 2002

Authority to purchase Ordinary Shares and reduction of the share premium account

Results of Extraordinary General Meeting


Big Yellow Group Plc (the "Company"), announces that at the Extraordinary
General Meeting, held earlier today, the resolutions to approve the reduction of
the share premium account of the Company and the authority for the Company to
make market purchases of Ordinary Shares in the Company detailed in the circular
sent to shareholders on 16 July 2002 were duly passed.

It is expected that the authority for the purchase of Ordinary Shares will first
become capable of being exercised on 5 September 2002 subject to confirmation by
the Court of the reduction of the share premium account. Subject to such Court
confirmation, the expected timetable for the reduction of the share premium
account of the Company is as follows:

Court hearing of petition to confirm reduction of the share premium account of
the Company: 4 September 2002

Effective date: 5 September 2002

Terms and expressions used in this announcement shall have the same meaning as
those used in the circular sent to shareholders dated 16 July 2002.



Contact:

Nicholas Vetch, Chief Executive, 01276 470190

James Gibson, Finance Director, 01276 470190


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