Result of EGM

Terrace Hill Group PLC
05 August 2004







TERRACE HILL GROUP PLC ('the Company')

Further re Share Buy Back


At the Extraordinary General Meeting of the Company held earlier today, the
special resolution to approve the buy back of up to 2,000,000 ordinary shares at
a price of 28p per share was approved. Tenders were received in respect of a
total of 1,410,022 ordinary shares.



A further announcement will be made when the buy back is effected.


For further information please contact:


Mandy Kelly, Terrace Hill Group plc, 0141 332 2014


Alasdair Robinson, Noble & Company Limited, 0131 225 9677




Notes to Editors:



Terrace Hill Group PLC is an AiM traded Property Group.  It has two divisions
(1) Commercial Development where the current development programme is around
£500 million, with approaching £200 million underway and £300 million projected
and (2) Residential Investment where it holds 535 units in Scotland and the
North of England.  Terrace Hill recently reported an increase of £18.986 million
(40.80%) in Net Asset Value to £65.5 million in the half year to 30 April 2004,
contributed to by a placing with institutional shareholders of £8.128 million,
and at the same time announced a doubling of dividend.





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