Share Buy Back

Terrace Hill Group PLC
22 January 2003


Terrace Hill Group PLC ('the Company')


Proposed Repurchase of Shares


With the imminent release of the unaudited Half Year Report to 31 October 2002,
the Company plans to announce a proposed repurchase of up to 750,000 ordinary
shares at this morning's mid-market price of 16.25 pence per shares.


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