Conditional Placing

Tanfield Group PLC
31 August 2004


Embargoed: 07.00 hrs 31 August 2004


                               Tanfield Group PLC

                 Successful placing and progress of acquisition

The Directors of the Tanfield Group plc ('Tanfield' or 'the Company') today
announces that it has conditionally placing of 40,050,000 new Ordinary Shares at
a placing price of 10p per share. The Placing is conditional on the shares being
admitted to trading on AIM. The shares are expected to be admitted to trading on
6 September 2004.

The Company is expecting to complete the due diligence on the intended first
acquisition target in the near future.

Further announcements will be made by the Company regarding the progress of the
acquisition in due course.

Enquiries:

Roy Stanley
Tanfield Group Plc Tel. [phone]

Alastair Cade or Ruari McGirr
Daniel Stewart & Co Plc Tel. [phone]




                      This information is provided by RNS
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