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Yorkshire Group PLC (YOR)

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Friday 11 July, 2003

Yorkshire Group PLC

Disposal

Yorkshire Group PLC
11 July 2003


PRESS ANNOUNCEMENT

EMBARGOED UNTIL 7:00 AM

11 July 2003

YORKSHIRE GROUP PLC ('YORKSHIRE' OR THE 'COMPANY')

DISPOSAL OF PROPERTY


Yorkshire announces today that its wholly owned subsidiary, Yorkshire Americas
Inc, has completed the sale of its freehold property at Worley Road, Greenville,
South Carolina (the 'Property')(the 'Disposal').  The Disposal forms part of the
Company's previously announced strategy of reducing debt through the pursuit of
asset disposals.

The Property has been sold to Southern Warehouse Associates LLC for a net cash
consideration of US$660,000 (£405,000), which compares to a net book valuation
of £590,000 as at 31 December 2002.  Yorkshire has incurred additional costs of
£65,000 in preparing the site for sale. The Property comprises a warehouse and
former dye production facility, both of which are surplus to the Group's
operational requirements.

On completion, the proceeds of the Disposal will be used to reduce Group
indebtedness.


Enquiries:

Yorkshire Group                                        Tel:      0113 244 3111
Andrew Dick (Chief Executive)


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