Additional Listing

Terrace Hill Group PLC
11 March 2004



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


Additional Listing


For clarification purposes and following recent announcements, the Company
discloses that it has applied for a total of 2,460,319 new ordinary shares of 2p
each ('Terrace Hill Shares') in the Company to be admitted to trading on the
Alternative Investment Market of the London Stock Exchange ('AIM') as follows:



(i)                 The Company has applied for the admission of 1,984,257 new
Terrace Hill Shares to trading on AIM and it is expected that dealings in these
shares will commence on 12 March 2004. These shares have been issued and
allotted to the shareholders of Grosvenor Land Holdings plc who have thus far
elected to receive new Terrace Hill Shares under the mandatory recommended cash
offer with share alternative as at 27 February 2004.



(ii)        The Company has applied for the admission of a further total of
476,062 new Terrace Hill Shares to trading on AIM. These shares are being issued
and allotted to the shareholders of SERAH Properties plc who have thus far
elected to receive new Terrace Hill Shares under the cash offer with share
alternative. Dealings in 398,040 of these new Terrace Hill Shares commenced on 2
March 2004, while the remaining 78,022 new Terrace Hill Shares will commence
trading on 19 March 2004.



These shares will rank pari passu with all existing Terrace Hill Shares in issue
and the number of shares in issue following these applications becoming
effective will be 156,435,726.



Contact:


Alasdair Robinson, Noble & Company Limited, Tel: [phone]




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