Additional Listing

Terrace Hill Group PLC
20 April 2004



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

Additional Listing



The Company announces that it has applied for the admission of 202,314 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 ('Grosvenor') who, since the announcement released on 26 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 26 April 2004.



The mandatory recommended cash offer with share alternative for Grosvenor was
closed by Terrace Hill on Thursday 15 April 2004 following the issue of the 14
day notice to shareholders of Grosvenor on 30 March 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 158,034,537.



Contact:


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







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