Disposal

Leeds Group PLC
24 June 2002



Issued by Leeds Group plc

Date: Monday 24th June 2002



                                Leeds Group plc


             Leeds Group completes substantial property transaction


Leeds Group plc announces that its subsidiary Leeds Dyers Limited has today
completed the sale to Bridgemere Properties Limited of its Strines Printworks
site at Marple, Cheshire for an initial cash consideration of £2.00 million. The
proceeds will be applied to reduce the level of Group debt. Further
consideration, up to a maximum of £1.45million, could be payable to Leeds Dyers
Limited in the event of Bridgemere Properties Limited obtaining certain planning
consents over the next fifteen years.

This site was included in the accounts at £1.95m, and has been surplus to
requirements since the Strines Textiles business was sold in June 2001.

Two other surplus properties formerly used by the Walsden Printing branch of
Leeds Dyers Limited, which together were included in the accounts at £0.76
million, were sold in May and June 2002 for an aggregate consideration of £0.74
million before transaction expenses.

Leeds Group now has one remaining UK property for disposal, namely the site at
Yeadon formerly used by Scott & Rhodes, the dyeing business. Outline residential
planning consent for this property was obtained in June 2002, and discussions
with the planning authorities continue on planning detail.

Leeds Group confirms that its interim results for the six months ended 31st
March 2002 will be published on Wednesday 26th June 2002.


Enquiries:


Chris Marsden, Chief Executive
Malcolm Wilson, Group Finance Director
Leeds Group plc

Tel: [phone]


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