Acquisition

Mentmore PLC
19 May 2003


FOR IMMEDIATE RELEASE                                     19 MAY 2003


                                  MENTMORE plc

 IRON MOUNTAIN EUROPE SUBMITS A MERGER NOTICE TO THE OFFICE OF FAIR TRADING IN
                               THE UNITED KINGDOM



Mentmore plc ('Mentmore') announces that its records management joint venture
company Iron Mountain Europe Limited ('IME') has submitted an indicative offer
to purchase Hays IMS and, following an invitation by Hays plc, it intends to
participate with other short-listed parties in the second stage of the sale
process.  IME is today submitting a Merger Notice to the Office of Fair Trading
pursuant to the Fair Trading Act 1973.  The submission of this notice represents
the first stage for IME in obtaining merger clearance in the UK for the
potential acquisition of Hays IMS.  For the avoidance of doubt, IME has not been
selected as the preferred purchaser and has not entered into any agreement with
Hays plc for the purchase of Hays IMS.



In accordance with certain agreements surrounding the sale process, no further
comment will be forthcoming from Mentmore, IME, or Iron Mountain Incorporated.







Enquiries:

Mentmore plc                                                    020 8946 3159
Martin Nye, Group Chief Executive

Buchanan Communications                                         020 7466 5000
Charles Ryland/Catherine Miles




NOTES TO EDITORS:

Mentmore currently comprises:

Personal storage

The group has 46 centres in the UK and 7 centres in Paris providing self-managed
storage units for over 11,000 personal customers and small and medium-sized
businesses on flexible terms.



Serviced business space

The group has 218 serviced business space centres offering trading, office and
retail space on flexible terms to over 5,000 businesses of all kinds.  The Board
has previously announced that it proposes to dispose of this business.



Records management

Our records management business, Iron Mountain Europe ('IME') is a partnership
with Iron Mountain Incorporated, the world's leading records management company.
It services customers across Europe.  Mentmore owns 49.9% of the equity of IME.


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