Appointments to Research Team

Teather & Greenwood Holdings PLC
22 September 2003

                         TEATHER & GREENWOOD HOLDINGS PLC

          Research team strengthened with three new appointments to
                         Teather & Greenwood Limited
                    ('Teather & Greenwood' or 'the Company')

The Company is pleased to announce the appointment of three new analysts to the
research team.

Gareth Davies is joining to research the support services sector.  Gareth was
previously at Deutsche Bank, where he worked in the number one ranked media team
and, latterly, in the support services team.

Kate Moy joins to work alongside David Taylor in covering the construction and
building materials sector.  She was previously part of the number one rated
small cap construction team at ING Charterhouse and her focus at Teather &
Greenwood will primarily be on UK housebuilders.

Ian Macdougall joins to work alongside David Stoddart in strengthening Teather &
Greenwood's coverage of the UK food and general retail sectors.  Ian joins from
Williams de Broe and his career in the City has included time at Nomura,
W.Greenwell & Co, Kemp-Gee & Co and NM Rothschild Asset Management.

Commenting on the appointments, Ken Ford, Chief Executive, says:

'We are delighted to welcome Gareth, Kate and Ian to Teather & Greenwood.  They
all have excellent track records and reputations.  They are joining a research
team which goes from strength to strength.  The latest AQ survey, which measures
the accuracy of brokers' earnings forecasts, puts Teather & Greenwood in first
place against all brokers covering UK stocks.'

22 September 2003


ENQUIRIES:

Teather & Greenwood                                       Tel: [phone]
Ken Ford, Chief Executive
Nick Stagg, Chief Operating Officer

College Hill                                              Tel: [phone]
Richard Pearson
Gareth David

Notes to Editors:

Teather & Greenwood Limited is one of the UK's leading independent stockbrokers,
and is the principal operating company of Teather & Greenwood Holdings plc.

For more information on Teather & Greenwood Limited and its services please
visit the company's website: www.teathers.com.


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