Corporate Restructuring

Teather & Greenwood Holdings PLC
06 September 2002


                        TEATHER & GREENWOOD HOLDINGS PLC

                            Corporate Restructuring

As stated at the AGM on 12 August 2002, the Group has been engaged in a
restructuring process to align its cost base more closely with revenues.  This
restructuring is now complete.  Several further departures of staff have taken
place, including some from the smaller companies team and corporate finance.

The smaller companies sales team comprising six members of staff remains the
responsibility of James Glancy and Graham Bell.  Corporate finance now comprises
13 staff, the directors of which are Jeff Keating, Chris Hardie and Peter
Trevelyan-Clark.


                                                                6 September 2002


Enquiries:

College Hill                                                  Tel: [phone]
Richard Pearson




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