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Yorkshire Group PLC (YOR)

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Thursday 29 April, 2004

Yorkshire Group PLC

Directorate Change

Yorkshire Group PLC
29 April 2004



On 26 April 2004, the Company announced that it was pursuing discussions with
potential purchasers of its property assets and was having related discussions
with its lenders to strengthen the financial position of the Group. These
discussions have included the possibility of an injection of additional equity,
Peter Gyllenhammar, a non-Executive Director and the largest shareholder in the
Company, has indicated a willingness in principle to become involved in a
transaction with the company in his capacity as a private investor.

If he does choose to become involved as a counterparty, there is a strong
possibility that conflicts of interest may arise between Mr Gyllenhammar's role
as a Director of Yorkshire Group and his interests as a private investor. Mr
Gyllenhammar has therefore decided that it is in the best interests of the
Company that he resigns his Directorship with immediate effect, in order that he
can act more freely.

Andrew J Dick, Chief Executive Yorkshire Group plc 0113 2443111

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