Directorate Change

Terrace Hill Group PLC
23 November 2005



                    TERRACE HILL GROUP PLC ('Terrace Hill')

                               Directorate Change

Terrace Hill, the AIM traded property group, announces that Christopher R L
Phillips on 23 November 2005 stepped down from his position of non-executive
director in order to pursue his other interests.  The board would like to thank
him for his past service and guidance.


                                  * * ENDS * *

For further information please contact:

Philip Leech, Terrace Hill Managing Director                  Tel: [phone]
Alasdair Robinson, Noble & Company Limited                    Tel: [phone]
Isabel Crossley, St Brides Media & Finance Ltd                Tel: [phone]


Notes to editors:

Terrace Hill Group PLC is an AIM traded Property Group with NAV £74 million.  It
has two divisions, Commercial Development throughout the UK and Residential
Investment and Development in Scotland and the North of England, with a
development programme of some £650 million.  Terrace Hill reported an increase
of over 25% in both NAV and pro-forma Triple NAV to 38.12p per share and 39.99p
respectively in the year to 31 October 2004, and an increase in final dividend
from 0.15p per share to 0.50p per share.  Further increases to 39.66p per share
and 44.02p per share respectively together with an interim dividend of 0.5p per
share (previous interim 0.3p) were announced with the Group's half yearly report
to 30 April 2005.




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