Intention to Cancel Listing

Teather & Greenwood Holdings PLC
18 March 2005


Teather & Greenwood Holdings plc

18 March 2005

                             Recommended Cash Offer
                                       by
                                      HSBC
                                  on behalf of
                          Landsbanki Holdings (UK) plc
                          a wholly-owned subsidiary of
                             Landsbanki Islands hf.
                                      for
                        Teather & Greenwood Holdings plc
                     Offer unconditional as to acceptances


INTENTION TO CANCEL LISTING

Following the announcement on 7 March 2005 by Landsbanki Holdings (UK) plc that
its recommended cash offer for Teather & Greenwood Holdings plc (the 'Company')
has been declared unconditional in all respects (the 'Announcement'), the
Company has notified the UK Listing Authority (the 'UKLA') that it wishes to
cancel its listing on the Official List maintained by the UKLA and has also
notified the London Stock Exchange plc (the 'LSE') that it wishes to cancel the
admission to trading on the LSE of its entire share capital with effect from 8
a.m. (London time) on 11 April 2005, being not less that 20 business days from
the date of the Announcement.



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