Dividend Declaration-Replace

Teather & Greenwood Holdings PLC
06 August 2002


                         TEATHER & GREENWOOD HOLDINGS PLC



                                 Final dividend

The Issuer advises that the following amends the Dividend Declaration
announcement released today at 09:50 under RNS number 5980Z.  The only change is
to the dividend alternative share value, which should read 32.3p and not 32.2p.


The dividend alternative share value in respect of the final dividend payable
on19 August 2002 has been calculated at 32.3p, based on the average of the
middle market quotations of Teather & Greenwood Holdings plc share on the London
Stock Exchange for the five dealing days 24 to 30 June 2002 inclusive.


In respect of this, the Return Date for the form of election is 10.30am on 10
August 2002.


Shareholders who elect to take new ordinary shares instead of cash in respect of
the final dividend for the financial year ended 30 April 2002 will thus be
entitled to 15 new ordinary shares for every 323 held at the close of business
on 26 July 2002 and so in proportion to any other number of shares then held.


6 August 2002



ENQUIRIES:

Teather & Greenwood plc                                    Tel: [phone]
Nick Stagg, Chief Operating Officer

College Hill                                               Tel: [phone]
Gareth David




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