Additional Listing

Terrace Hill Group PLC
28 June 2004


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

Additional Listing

The Company announces that it has applied for the admission of 4,662 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 joint shareholders in Grosvenor Land
Holdings plc who had elected to receive new Terrace Hill shares under the
mandatory recommended cash offer with share alternative and whose acceptance is
now complete. It is expected that dealings in the new Terrace Hill Shares will
commence on 2nd July 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 187,233,399.


Contact:

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


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