Additional Listing

Terrace Hill Group PLC 16 March 2004 Terrace Hill Group plc ('Terrace Hill' or 'the Company') Additional Listing The Company announces that it has applied for the admission of 938,409 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 11 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 23 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 157,374,135. Contact: Alasdair Robinson, Noble & Company Limited, Tel: 0131 225 9677 This information is provided by RNS The company news service from the London Stock Exchange

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