Placing of 440,300 New Ordinary Shares

TEATHER & GREENWOOD HOLDINGS PLC
29 October 1999


PLACING OF 440,300 NEW ORDINARY SHARES

The  Company  is  pleased  to announce  that  it  has  today
completed, subject only to Admission, the placing of 440,300
new  10p  ordinary shares at a price of 366p per share  with
institutional investors to raise approximately £1.6 million.
The placing proceeds will be used by the Company further  to
expand all areas of its activities.

Application will be made for the new ordinary shares,  which
rank  pari passu in all respects with the Company's existing
issued  ordinary  shares to be admitted to trading  on  AIM.
Dealings  are  expected to commence on Thursday  4  November
1999.