Further Trading Update

Terrace Hill Group PLC
11 August 2005

TERRACE HILL GROUP PLC ('Terrace Hill')


Further Trading Update


Following a confidentiality period, Terrace Hill can now add to the trading
update published on 21 July 2005 for the third quarter to 31 July 2005 of its
current financial year.


Terrace Hill is pleased to report that on 18 July 2005 it agreed to sell the
Temple Circus office being developed in joint venture in Bristol for £25.75
million on completion of construction expected in August 2006.   The seven
storey 91,000 sq. ft. development near Temple Mead Station, is being sold to
Corporate Centres GP Ltd, the fund formed by BriTel and Norwich Union and
operated by Morley Fund Management.  AIM listed service office providers
Stonemartin will operate the building on its completion.


In Scotland, without advertising having yet commenced, reservations have been
taken for more than half of the 54 residential flats under development at
Glasgow Green, Glasgow.  In addition to the flats, this development comprises 10
further units including four terraced houses being created by the refurbishment
of a listed school house.  The reservations include the whole of the first block
of eight flats due to be completed before the end of the current year.  The
larger block of 46 flats is expected to be completed in November 2006.


Managing Director Philip Leech said  'For a property developer there is nothing
finer than to sell developments a year in advance of completion.  In Bristol it
has been obvious from demand that Temple Circus was possibly the largest and
certainly one of the most attractive buildings coming on stream in the near
future.'


The previous trading update on 21 July 2005 included the sale of a joint venture
property at 16 Berkeley Street, London for £39.4 million and the sale of an
investment property acquired with Grosvenor Land Holdings PLC in Maidstone for
£6.4 million.  At the same time, Terrace Hill also announced the acquisition of
further Brownfield land for potential housing development in Scotland.


                                 * * ENDS * *


For further information please contact:

Ross Macdonald, Deputy Chairman, 07710 459 649
Nigel Turnbull, Deputy Chairman 0207 631 1666
Alasdair Robinson, Noble & Company Limited, 0131 225 9677


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 £600 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.





                      This information is provided by RNS
            The company news service from the London Stock Exchange