Chairman's AGM Statement

TEATHER & GREENWOOD HOLDINGS PLC
5 August 1999


         Chairman's Annual General Meeting Statement

Speaking  at today's Annual General Meeting, Derek Boothman,
Teather  &  Greenwood  Holdings  plc's  Chairman,  made  the
following statement:

'As  the Annual Report indicated, over the last 12 months  a
significant amount has been invested in expanding our  three
main business areas, namely institutional and private client
stockbroking and corporate finance.

'The   institutional  department  has  added  a   new   team
specialising  in closed end funds.  The market  making  team
focusing  on  smaller companies is now  established.   I  am
delighted  by  the  success  shown  in  the  private  client
department  in  attracting  a  considerable  number  of  new
clients.   Both research and sales coverage continue  to  be
expanded and the corporate finance department has had a very
busy and productive year.

'As  I  said at the time of our recent results, we are  very
clear  about  our intention to continue Teather &  Greenwood
Holdings  plc  as a broadly based financial services  group.
The  new  financial  year has started  well  with  continued
progress  in each of our main business areas.  Although  the
unpredictable  nature  of  the  equity  markets  cannot   be
ignored, I believe that Teather & Greenwood Limited is  well
placed to make continued progress in the current year.'


For further information, please contact:

Teather & Greenwood Holdings plc            0171 426 9000
Derek Boothman, Chairman
Jeremy Delmar-Morgan, Chief Executive
Ken Ford, Managing Director

Ludgate Communications
Tim Davis                                   0171 253 2252