Change of Adviser

Terrace Hill Group PLC
12 December 2006

                             Terrace Hill Group plc
                        ('Terrace Hill' or 'the Group')


                                Change of Broker



Terrace Hill is pleased to announce that Oriel Securities Limited has been
appointed as broker to the Group with immediate effect. Noble & Company Limited
remain as Terrace Hill's Nominated Adviser.


For further information please contact:

Philip Leech, Group Managing Director                  Tel: [phone]
Scott Richardson Brown, Oriel Securities Limited       Tel: [phone]
Alasdair Robinson, Noble & Company Limited             Tel: [phone]
Isabel Crossley, St Brides Media & Finance Ltd         Tel: [phone]






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