AGM Statement

Teather & Greenwood Holdings PLC
03 August 2004


For Immediate Release                                    3 August 2004

                                 AGM Statement


The continuing uncertainties in the global economy and political issues have
resulted in weak stock markets.  Since the start of our financial year market
conditions have been difficult.  The main market has slowly drifted down on very
thin volumes and other markets have followed this trend, and consequently
completing corporate transactions and the ability to make good revenues from
agency trading and market making are more difficult.


However we have managed to complete a number of fund raisings for our clients
and are currently working on some sizeable transactions like the public to
private of the DFS group.  The result of this is that the business has traded
profitably for the first quarter and in line with market expectations.  The
corporate finance pipeline is robust and we continue to win good quality
corporate brokerships and corporate transactions.


As reported in the accounts the Board sought a third independent non executive
director.  The Board is pleased to announce the appointment of Alan Barber as a
non-executive director as from today.  Alan is a former partner of KPMG based in
London whose varied background of commercial and professional experience will be
of great assistance for Teather & Greenwood in this period of change within the
industry.  Alan, who is 56, will also assume the chairmanship of the Audit
Committee.


The Board is also pleased to announce that the current Chief Executive, Ken Ford
(55) will step up to become Deputy Chairman, and Nick Stagg (44) current Chief
Operating Officer and Finance Director will become Chief Executive and continues
as Finance Director.  Bruce Weir currently Finance Director of the subsidiary
company Teather & Greenwood Limited will also be appointed Company Secretary to
the Board.  These changes will take effect on 1 September 2004.


In conclusion, although the markets remain weak and conditions are difficult,
Teather & Greenwood is well placed to continue its progress.

Enquiries:


Ken Ford
Nick Stagg
Teather & Greenwood                                   020 7426 9000

Richard Darby/Nicola Cronk
Buchanan Communications                               020 7466 5000


                      This information is provided by RNS
            The company news service from the London Stock Exchange