Additional Listing

Terrace Hill Group PLC
26 March 2004


Terrace Hill Group plc ('Terrace Hill' or 'the Company')

Additional Listing


The Company announces that it has applied for the admission of 295,854 new
ordinary shares of 2p each ('Terrace Hill Shares') in the Company to trading on
the Alternative Investment Market of the London Stock Exchange ('AIM'). These
shares have been issued and allotted to shareholders of Grosvenor Land Holdings
plc who, since the announcement released on 16 March 2004, have elected to
receive new Terrace Hill Shares under the mandatory recommended cash offer with
share alternative. It is expected that dealings in the new Terrace Hill Shares
will commence on 2 April 2004.

These shares will rank pari passu with all existing Terrace Hill Shares in issue
and the number of shares in issue following this application becoming effective
will be 157,832,223


Contact:

Alasdair Robinson, Noble & Company Limited, Tel: [phone]


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