Statement re. Press Comment

Terrace Hill Group PLC
06 December 2006

                                                                 6 December 2006


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

                       Statement regarding press comment


Terrace Hill notes the recent press speculation regarding the potential
acquisition of property at Howick Place, London and confirms that it is in
discussions with the seller. The terms of the proposed acquisition are still
under negotiation.

Further announcements will be made as and when appropriate.


For further information please contact:

Philip Leech, Group Managing Director               Tel: [phone]
Alasdair Robinson, Noble & Company Limited          Tel: [phone]
Isabel Crossley, St Brides Media & Finance Ltd      Tel: [phone]


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