Result of EGM

Capitaltech PLC
19 September 2002

CapitalTech plc ('The Company' or 'CapitalTech')

Results of Extraordinary General Meeting

On 20 August 2002, CapitalTech released an announcement detailing the following
Proposals ('the Proposals'):-


1.                  The Proposed Acquisition of the entire issued share capital
of Westview Group Limited and of the entire issued share capital of Westview
Investments Limited so far as not belonging to Westview Group Limited from
family trusts in which the Company's Chairman, Robert Adair, is interested upon
the terms set out in the Circular issued by CapitalTech to its shareholders on
20 August 2002.;



2.                  The Proposed Purchase by CapitalTech of property being unit
2, Treene Business Park, Sywell Road, Wellinborough from Robert Adair and his
mother and sister for cash at a price of up to £152,000 being initial valuation
subject to possible reduction on formal valuation;



3.                  The Proposed Repurchase of up to 2,000,000 Ordinary Shares
of 2p each nominal value ('Shares') at a price of 12.65p each;



4.                  The Proposed change of name of the Company to 'TERRACE HILL
GROUP PLC'; and



5.                  The Open Offer, non-assignable, to shareholders other than
the Adair Trusts on a 1 for 10 basis of up to 2,711,447 Shares at a price of
12.65p each.



The Extraordinary General Meeting called to approve the Proposals was held today
and all resolutions were duly passed.



In order to implement the Proposals CapitalTech has today issued and allotted
80,972,332 new ordinary shares of 2p each as consideration for the Proposals at
a price of 12.65p each. This comprises consideration for the acquisition of
Westview Group Limited. Application has been made for admission of the new
ordinary shares to trading on the Alternative Investment Market of the London
Stock Exchange ('AIM') and dealings are expected to be announced on 25 September
2002.



Applications have been received under the Open Offer for 1,943,587 new ordinary
shares of 2p each at a price of 12.65p. CapitalTech has today issued and
allotted these shares and application has been made for admission of these new
ordinary shares to trading on AIM and dealings are expected to commence on 25
September 2002.



In addition, tenders have been received on the share buy-back proposals
amounting to 1,501,950 shares.  As such, CapitalTech intends to implement the
share buy-back with immediate effect.



Following the implementation of the Proposed Acquisition, Repurchase and Open
Offer the interest of Robert Adair and parties connected with him in the issued
share capital of the Company has risen from 47,239,217 ordinary shares (63.53%)
to 128,211,549 ordinary shares (82.31%).



CapitalTech intends to proceed to change its name to 'TERRACE HILL GROUP PLC'
and a further announcement will be made upon this being effected.



Following implementation of the Proposals, the following directors have been
appointed to the board of CapitalTech with immediate effect:



Nigel James Cavers Turnbull - Joint Managing Director

Thomas Gerard Walsh - Executive Director

Kenneth Wright Grundy - Executive Director

Philip Leech - Executive Director

Robert Edward Lane - Executive Director

Kelvin Mark Hudson - Non-Executive Director




Contacts:  Ross Macdonald, Joint Managing Director, CapitalTech Plc      0141 332 2014

                Alasdair Robinson, Noble & Company Limited               0131 225 9677




The following information is required to be given by the AIM Rules in connection

with the new directors.



The new directors hold, or have held, over the previous five years, the
following directorships and partnerships:



(i) Nigel Turnbull



Current directorships:



BCL (London) Limited                           BCL (North West) Limited
BCL (Scotland) Limited                         BCL International Holdings Limited
BCL International Limited                      Bowertrace Computing Limited
CCL Veloduct Limited                           CCLV Holdings Limited
Commsbase Limited                              Earlycall Limited
Eleven Berkeley Street Limited                 Fineluck Limited
Floodrose Limited                              Hollylux Limited
Hornton Estates Limited                        Mount York Estates Limited
Outergolden Limited                            Pagecross Limited
PCG Investments Limited                        Peak Village Estates Limited
Platts Eyot Limited                            Port Hampton Limited
Rarefame Limited                               Retrain-IT Limited
Rickmansworth Developments Limited             Rosemont Assets Limited
Serah Mayfair Limited                          Serah Properties Plc
Sixteen Berkeley Street Limited                Skye Capital Partners Limited
Skye Investments Limited                       Taffrule Properties Limited
Tannochside Developments Limited               Tannochside Estates Limited
Terrace Hill (Berkeley) Limited                Terrace Hill (Bristol) Limited
Terrace Hill (Crawley) Limited                 Terrace Hill (Hampton) Limited
Terrace Hill (Stockton) Limited                Terrace Hill (Thundersley) Limited
Terrace Hill (Uddingston) Limited              Terrace Hill (Watford) Limited
Terrace Hill (Westminster House) Limited       Terrace Hill Developments Limited
Terrace Hill Estates Limited                   Terrace Hill Group Plc (to be renamed)
Terrace Hill Holdings Limited                  Terrace Hill Investments Limited
Terrace Hill Limited                           Terrace Hill Management Limited
Terrace Hill North East Limited                Terrace Hill Projects Limited
Terrace Hill Properties (Haymarket) Limited    Terrace Hill Properties Limited
Terrace Hill Retail Limited                    Thanet Reach Estates Limited
TL (Developments) Limited                      Treen Estates (Cambridge) Limited
Treen Estates (Middlesborough) Limited         Treen Estates Limited
Vine Street Uxbridge Limited                   Visionseek Limited
Westview Group Limited                         Westview Investments Limited
Arklow Investments Limited (Guernsey)          Melrose Investments Limited (Guernsey)

Past directorships in preceding five years:

Azralbrook Investments Limited                 BCL New Media Limited
Castlewarden Limited                           CC Group Limited
Derbyshire Investments Limited                 Eagerdale Limited
Eagerlodge Limited                             Elmbrush Commercial Limited
Goldendraw Limited                             Hylton Developments Limited
Icefill Limited                                Linkactual Limited
Linkcroft Limited                              Linwood Assets Limited
Melrose Resources Plc                          Middlenorth Management Limited
Orb Estates plc                                PCG Properties Limited
PCG Residential Lettings Holdings Limited      Peartree Business Centre Limited
Sales & Marketing International Limited        Terrace Hill (Sunderland) Limited
Terrace Hill Construction (Middlesborough) Limited   Terrace Hill Finance Limited
Terrace Hill Construction (Middlesborough) No.2 Limited Treen Developments (Telford) Limited
Terrace Hill Construction (Telford) Limited    Treen Estates (Colchester) Limited
West View 2000 Limited                         Westview Services Limited
Wysock Wright & Partners Limited               Wysock-Wright & Company Limited

Companies placed in liquidation or dissolved of which now or formerly Director:

Graduatebase Limited                           London Regeneration Consortium Plc
W W P Associates Limited

Rosehaugh Group Companies placed in Receivership of which formerly Director:

Alphaform (No.58) PLC                         Astondream Properties Limited
Fireash Securities Limited                    Giantfield Finance Limited
Lucky Pine Investments Limited                Pluspine Builders Limited
Rosehaugh SC Limited                          Rosscall Properties Limited
Silentburn Investments Limited                Star Storm Investments Limited
Autotone Commercial Limited                   Bolansbourne Limited
Baxtergate Investment Company Limited         Cardwool Limited
Camden Regeneration Corporation Limited       Carishurst Limited          
Cheshire Oaks Business Park Limited           Cheshire Oaks Limited
Clareworth Properties Limited                 Copartnership (Tonnerlon) Limited
Copartnership Property Group Limited          Cramer Street Developments Limited
Copartnership Property Management Limited     Crestbarn Developments Limited
Decramast Limited                             Donatio Investment Company Limited
Emeraldcrest Limited                          Gaintask Builders Limited
HFL (Annuities) Limited                       HFL (Holdings) Limited
Hideforce Design Limited                      Ivorydown Limited
Kerrykey Limited                              Largescale Properties Limited
Kings Cross Regeneration Consortium Limited   Lansdown Hill Estates Limited
London Mercantile Holdings Limited            London Mercantile Investments Limited
London Mercantile Plant and Equipment Limited Moderange Properties Limited
Optograde UK Limited                          Parkguild Finance Limited
Portbury Developments Limited                 Portbury Estates Limited
Quayside Investments Limited                  Quayside Village Limited
Queen Anne Street Nominees Limited            R H (Ceylon) Tea Company Limited
R H Investments Limited                       R H Leasing Supply Limited
R H Overseas Services Limited                 R H Retail Properties Limited
Rendmoor Limited                              Ringledge Properties Limited
Riverboat Estates Limited                     Riverboat Investments Limited
Riverboat Properties Limited                  Rosehaugh (Lewisham) Limited
Rosehaugh Agency Limited                      Rosehaugh Control Properties Limited
Rosehaugh Copartnership Investments Limited   Rosehaugh Developments Plc
Rosehaugh Environmental (Technical Services) Limited     Rosehaugh Environmental Limited
Rosehaugh Estates Plc                         Rosehaugh Project Services Plc
Rosehaugh Management Services Limited         Rosehaugh Plc
Rosehaugh Properties Limited                  Rosehaugh Tea (Holdings) Limited
Shearwater Festival Limited                   Shearwater Management Limited
Shearwater Property Holdings Plc              Sunbourne Properties Limited
Sunvale Properties Limited                    The General Funds Investment Trust Plc
The Winter Garden (Torquay) Limited           Tolverne Investment Company Limited
Topgraph Properties Limited                   Tringplan Properties Limited
Valueletter Limited                           Vaultfirst Limited
Watermans Property Development Company Limited Welbeck Way Associates Limited

Current partnership:

Terrace Hill Partnership

Past partnerships in preceding five years:

Melrose III Partnership                       Melrose IV Partnership     

(ii) Thomas Walsh

Current directorships:

Hollyux Limited                               Terrace Hill Limited
Terrace Hill Management Limited               Terrace Hill Management Limited
Treen Estates (Cambridge) Limited             Treen Estates (Middlesborough) Limited
Treen Estates Limited

Past directorships in preceding five years:

Azralbrook Investments Limited                BCL International Holdings Limited
Earlycall Limited                             Linkactual Limited
Terrace Hill Construction (Telford) Limited   Terrace Hill Finance PLC

Current partnership:

Terrace Hill Partnership

(iii) Kenneth Grundy

Current directorships:

Eleven Berkeley Street Limited                Mount York Estates Limited
Rickmansworth Developments Limited            Tannochside Estates Limited
Terrace Hill (Thundersley) Limited            Terrace Hill (Watford) Limited
Terrace Hill (Westminster House) Limited      Terrace Hill Developments Limited
Terrace Hill Estates Limited                  Terrace Hill Guildford Limited
Terrace Hill Limited                          Terrace Hill North East Limited
Terrace Hill Retail Limited

Current partnership:

Terrace Hill Partnership

(iv) Philip Leech

Current directorships:

Cleatlam Properties Limited                   Taffrule Properties Limited
Terrace Hill (Newcastle) Limited              Terrace Hill (Stockton) Limited
Terrace Hill (Teesdale) Limited               Terrace Hill Developments Limited
Terrace Hill (Westminster House) Limited      Terrace Hill Estates Limited          
Terrace Hill Limited                          Terrace Hill North East Limited
Terrace Hill Retail Limited

Past directorships in preceding five years:

Hylton Developments Limited                   Mount York Estates Limited
Nilecrown Limited                             Terrace Hill (Sunderland) Limited

Current partnership:

Terrace Hill Partnership

(v) Robert Lane

Current directorships:

Eleven Berkeley Street Limited                PCG Investments Limited
Peak Village Estates Limited                  Sixteen Berkeley Street Limited
Tannochside Estates Limited                   Terrace Hill (Berkeley) Limited
Terrace Hill (Crawley) Limited                Terrace Hill (Thundersley) Limited
Terrace Hill Developments Limited             Terrace Hill Estates Limited
Terrace Hill Investments Limited              Terrace Hill Limited
Terrace Hill North East Limited               Terrace Hill Properties Limited
Terrace Hill Properties (Haymarket) Limited   TL (Developments) Limited
Vine Street Uxbridge Limited                  Arklow Investments Limited (Guernsey)

Past directorships in preceding five years:

Derbyshire Investments Limited                Icefill Limited
Savek Limited                                 Terrace Hill (Watford) Limited

Current partnership:

Terrace Hill Partnership

(vi) Kelvin Hudson

Current directorships:

Alicante Services Limited, Isle of Man        Astraeus Limited SA, Luxemobourg
Balaga Limited, Isle of Man                   Bandar Holdings Limited, B.V.I
Barba Family Foundation Company Ltd SA, Luxembourg     Berwick Investments Limited, Liberia
Bluescop Limited, Isle of Man                 Champness Limited, Guernsey
Clairwood Limited, Isle of Man                Euro Petroleum Trading Limited, B.V.I
Clore/Duffield Foundations Nominees Limited, Guernsey     Fenchurch Enterprises Inc, Panama
Eythrope Trustee Company Limited, Jersey      Gowerton Holdings Limited, Isle of Man
Eythrope Investment Company Inc, Panama       Handicap Zero SA, Luxembourg
Consolidated Funds Investments Nominees Limited, Guernsey
First Arrow Global Currency Fund Trustees Limited, Guernsey
First Arrow Managed Fund Trustees Limited, Guernsey     HN Properties Limited, B.V.I
Hexagon Trust Company, CI Limited, Cayman Islands       Ivybrook Limited, Isle of Man
J Rothschild Nominees (Guernsey) Limited, Guernsey      Jermyn Pte Limited, Singapore
K2000 Limited, B.V.I                            Les Effards Limited, Guernsey
Markton Limited, Jersey                         Medsea Limited, Isle of Man
Mica Enterprises Limited SA, Panama             Nile Holdings Limited, Jersey
Oakhill Limited, Guernsey                       Octavian Nominees Limited, Guernsey
Ophelia Holdings Inc, Panama                    Project 407 Limited, Jersey
Proteus Nominees Limited, Guernsey              RHK Nominees Limited, Hong Kong
Rockhurst Limited, Jersey                       Saffery Champness Limited, B.V.I
Rysaffe Nominees (C.I.) Limited, Guernsey       Saffrey Limited, Guernsey
Rysaffe International Services Limited, Guernsey          Saffrey Maritime Limited, Guernsey
Rysaffe Trustee Company (C.I.) Limited, Guernsey          Silver Firs Limited, Jersey          
Saffery Champness Guernsey Limited, Guernsey              Silverdale Holdings Limited, Jersey
Saffery Champness Holdings Limited, Guernsey              Thea Investments, Panama
Saffery Champness Management International Limited, Guernsey                    
Saffery Champness Societe Avec Responsabilite Limitee, Guernsey
Saffrey Champness Trust Corporation, Canada               Tintoretto Limited, Jersey
Saffrey Champness Trustees Limited, England & Wales       Topibel SA, Uruguay
Saffrey Trustee Company (C.I) Limited, Guernsey           Willesden Limited, Isle of Man
Saviour Insurance Company Limited, Cyprus                 Yellowstrand Limited, Isle of Man
Telematix (Guernsey) Limited, Guernsey                    Zodiac Trading Limited, Isle of Man
Yillman Limited, Isle of Man

Past directorships in preceding five years:

Alberdale (Jersey) Limited, Jersey                    Astra Finance Limited, Ireland
Banesto Holdings Limited, Guernsey                    Bexley Properties Limited, Isle of Man
Cabco Limited, Guernsey                               Doric Limited, Nevis
Easson Property Investments (Pty) Limited, South Africa     Euram Holdings Limited, Isle of Man
First Arrow Global Fund Trustees Limited, Guernsey     Fifth Ovalap Limited, Guernsey
First Ovalap Limited, Guernsey                         Fourth Ovalap Lmited, Guernsey
Greenfields Limited, Guernsey                          Hale Investments Limited, Guernsey
Heathfield Property Limited, Isle of Man               Highcliff Holdings Limited, Jersey
Ionic Limited, Nevis                                   Kensington Court Limited, Guernsey
Lapco Limited, Guernsey                                Legis (IOM) Limited, Isle of Man
Legis BVI Limited, B.V.I                               Legis Group Limited, Guernsey
Legis Corporate Services Limited, Guernsey             Legis Group (BVI) Limited, B.V.I
Legis International Management Limited, Guernsey       Legis Limited, Jersey
Legis Maritime Services Limited, Guernsey              Legis Trust Limited, Guernsey
Lowton Holdings Limited, Jersey                        Maldon Holdings Limited, Isle of Man
Microstar Limited, Jersey                              Milestone Travcorp Limited, Guernsey
Middle East Capital Group Limited, Guernsey            Montague Travcorp Limited, Guernsey
Nomos Trustees Limited, Guernsey                       Ovaco Limited, Guernsey
Ovalap Nominees Limited, Guernsey                      Rubens Travcorp Limited, Guernsey
Research & Planning Limited, Isle of Man               Second Ovalap Limited, Guernsey
Quantum Investments Limited, Guernsey                  Sixth Ovalap Limited, Guernsey
Silverlake International Limited, Guernsey             Third Ovalap Limited, Guernsey
Tonbridge Holdings Limited, Isle of Man          
Universal Phoenix Holdings Limited, Jersey
The Centre for Advanced Business Planning Limited, Isle of Man
The International Research & Strategy Centre Limited, B.V.I

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