Board Changes

Teather & Greenwood Holdings PLC
18 April 2001

Teather & Greenwood Holdings

18 April 2001



BOARD CHANGES AND APPOINTMENT OF CHIEF OPERATING OFFICER TO TEATHER &
GREENWOOD HOLDINGS PLC


Following the Group's Annual General Meeting, which is expected to take place
in August, Jeremy Delmar-Morgan, Chairman, will become Non-executive Chairman.
  Philip Ashfield, currently an Executive Director, steps-down from the Board,
but will remain a Director of Teather & Greenwood Limited.


Ken Ford remains Chief Executive, Brian Rowbotham, Finance Director and Derek
Boothman and Robin Derville continue as non-executive directors.


Nicholas Stagg, 41, a non-executive director since August of last year, is
appointed Chief Operating Officer of Teather & Greenwood Holdings plc with
immediate effect.  He has particular responsibility for improving the
company's overall efficiency and developing its information technology,
systems and administration.



Mr Stagg has a proven track record of managing and developing complex
businesses within the public company arena.  He joins from W S Atkins PLC,
where he was Managing Director of their international businesses, with
operations in 20 countries. Prior to its acquisition by W S Atkins plc, he was
Managing Director of Lambert Smith Hampton plc, one of the United Kingdom's
leading property consultants with over 1,000 staff in 28 offices.  He joined
in 1992 as Group Finance Director.  A Chartered Accountant, he is also a
non-executive director of Inventive Leisure plc.



Jeremy Delmar-Morgan, Chairman, comments:



'The Board changes announced today are entirely as planned at the time of the
Group's flotation in 1998 and in line with our objective of continuing to
develop Teather & Greenwood as a leading independent stockbroker.



'On behalf of the Board, I would like to thank Philip Ashfield for his
contribution to the business over many years.  We are very pleased that we
shall continue to benefit from his counsel.



'We are delighted to have secured Nick Stagg's services.  He has immense
experience of business improvement and development, gained in a range of
service industries. Having had the benefit of his expertise as a non-executive
director, we welcome him in the knowledge that he will make a very full
contribution as we continue to build the business.'



                                    -Ends-



For further information, please contact:



Teather & Greenwood Holdings plc                      020 7426 9000

Jeremy Delmar-Morgan, Chairman

Ken Ford, Chief Executive

Tim Davis, Marketing Director





Note to Editors:



Teather & Greenwood Limited is one of the UK's leading independent
stockbrokers, specialising in providing corporate finance, institutional
sales, research and market making services for an increasing number of growing
smaller and mid-cap public companies.



In addition, it provides institutional sales and research coverage of
significant UK and international equities and has dedicated teams for
closed-end funds, contracts for difference, bonds and fixed-interest
instruments.



Private clients are offered discretionary, advisory and execution-only broking
services and a range of tax-efficient products.



Teather & Greenwood Limited is the principal operating company of Teather &
Greenwood Holdings plc.  For more information on Teather & Greenwood Limited
and its services, please visit the company's website: www.teathers.com