Trading Update

Big Yellow Group PLC
9 July 2002


                                                                  9 July 2002




                              Big Yellow Group PLC

                  ("Big Yellow", the "Group" or the "Company")



                   Quarterly Trading Update and Share Buy-Back


Big Yellow Group PLC, the self storage company, has today provided the following
update on trading for the quarter ending 30 June 2002.



•         Turnover for the quarter was £3.2 million

-  up 23% from £2.6 million for the quarter to 31 March 2002

-  up 100% from £1.6 million for the same quarter last year



•         Annualised revenue was £14.4 million

-   up 23% from £11.7m at 31 March 2002

-   up 92% from £7.5m at the same time last year



•         662,000 sq ft occupied at the quarter end

-  up 20% from 550,000 sq ft at 31 March 2002

-  up 97% from 336,000 sq ft at the same time last year



•         The number of customers increased by 25% to 10,100 compared to 8,100 
          at 31 March 2002 and by 98% from 5,100 at 30 June 2001



•         Merchandise, insurance and other sales were 14.9% of storage income 
          for the quarter to 30 June 2002 (quarter to 31 March 2002: 12.7% and 
          quarter to 30 June 2001: 13.2%)



•         There are 21 stores currently open with a further 9 stores committed
          providing 1.9 million sq.ft. of storage space when completed; 
          Guildford has opened since the Preliminary Results announcement on 
          8 May 2002



•         The Group moved from AIM to the Official List on Friday 7 June 2002



Share Buy-Back



The Group also announces its intention to seek authority from its shareholders
to purchase and cancel up to 17,355,821 ordinary shares, representing just below
15% of the current issued share capital of the Company.  The Company does not
currently have sufficient distributable reserves, therefore it will be proposing
to create the necessary reserves by reducing its share premium account, a
process which requires both shareholder approval and confirmation of the Court. 
A circular will be sent to shareholders detailing the proposal and convening the
necessary shareholder meeting.





The Group currently has approximately £30m of cash and potentially has access to
further funding if required.  The Group intends to use the authority when it
considers it is efficient for the Company to do so, taking into account
alternative investment opportunities and the overall financial position of the
Group.


                                     -Ends-



For further Information, please contact:

Big Yellow Group PLC                    01276 470190
Nicholas Vetch, Chief Executive

Weber Shandwick Square Mile             020 7950 2800
Louise Robson or Sally Lewis





                      This information is provided by RNS
            The company news service from the London Stock Exchange