Trading Statement

Teather & Greenwood Holdings PLC
28 February 2002


TEATHER & GREENWOOD HOLDINGS PLC
EMBARGOED UNTIL 7AM ON 28 FEBRUARY 2002


                         TEATHER & GREENWOOD HOLDINGS PLC

                                  TRADING UPDATE


As has been widely reported, current stock market conditions are depressed and
these continue to adversely affect most areas of the Group's business.
Consequently, the current market expectations will not be met.  The Board's
current estimate is a pre-tax loss of around £4m for the full year to 30 April
2002.  This figure includes a number of non-recurring items.

Our strategy remains to build an independent business for the long term,
positioned to take advantage of any recovery in the markets and associated
corporate activity.  This remains our aim whilst striving to ensure that our
cost base is maintained at a level commensurate with business opportunity.  We
retain a strong balance sheet with net cash at the current time of approximately
£4 million and, in the absence of unforeseen circumstances, the Board
anticipates maintaining the final dividend of 1.5p per share for the year to 30
April 2002.


Enquiries:


Teather & Greenwood Holdings plc                  020 7426 9000
Ken Ford
Nick Stagg


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