Secondary Placing

Big Yellow Group PLC
04 February 2005

For immediate release



Big Yellow Group PLC



Secondary Placing



Big Yellow Group PLC ("Big Yellow" or the "Company") has been informed that Big
Yellow Investment (Bermuda) Limited and PGA Big Yellow Limited (together the "
Selling Shareholders") have today disposed of their entire holding of ordinary
shares in the Company by way of a placing.  Big Yellow Investment (Bermuda)
Limited is an indirect wholly owned subsidiary of Prudential Financial, Inc. ("
Pramerica"), while PGA Big Yellow Limited is an investment owned by a fund
managed by a subsidiary of Pramerica.



Cazenove & Co. has placed 28,145,904 ordinary shares held by the Selling
Shareholders, representing approximately 28.1 per cent. of the issued share
capital of the Company, on their behalf with certain institutions at a price of
190 pence per ordinary share.  Following the placing the Selling Shareholders do
not hold any ordinary shares in the Company.



Enquiries



Big Yellow                                                01276 470 190

Nick Vetch

Jimmy Gibson



Pramerica Real Estate Investors                           020 7758 4840

Jonathan Short



Cazenove & Co.                                            020 7588 2828

Richard Cotton

Greg Bennett

Shona Graham








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