Delivering Results.

Statutory Highlights.

  • Profit before tax for the period of £27.2 million (2011: £6.4 million)
  • Basic earnings per share of 21.18 pence (2011: 5.00 pence)1
  • Basic net assets per share of 399.1 pence (31 March 2012: 386.1 pence)2

Other Highlights.

  • Successful completion of refinancing:
    –
    New £100 million 15 year loan facility secured with Aviva Commercial Finance Limited
    –
    Refinanced Group £190 million bank facility in October 2012 to September 2016
    –
    Extended £60 million Big Yellow Limited Partnership bank facility in October 2012 to September 2016
  • During the period we opened our iconic store in Chiswick, West London, with high visibility from the M4 flyover
  • We completed the disposal of our surplus site at Chiswick for £4.75 million. We also received the remaining proceeds of £7.4 million on the sale of the Richmond hotel development in the period

1 see note 8; 2 see note 14;

New £100 million 15 year
loan facility secured with
Aviva Commercial
Finance Limited

£100m.

Interim Property Income Dividend of 5 pence
per share declared
(2011: 4.5 pence per share)

5p.