Director/PDMR Shareholding

Terrace Hill Group PLC
01 May 2008


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

 Notification of Awards under the Terrace Hill Group plc Performance Share Plan



Terrace Hill Group plc (AIM:THG) announces the following grant of awards ('
Awards') to certain directors of the Company under the Company's Performance
Share Plan ('PSP') on 30 April 2008.


Name                        Total Share Awards       Total Share Awards        Total Share Awards
                        outstanding on 31 October    granted on 30 April    outstanding on 30 April
                                   2007                     2008                      2008

Robert Adair                     847,259                   495,495                 1,342,754
Chairman

Philip Leech                     847,259                   495,495                 1,342,754
Chief Executive

Tom Walsh                        445,855                   180,180                  626,035
Group Finance Director



Notes



1.   The Awards will ordinarily vest following the third anniversary of the
grant date, but only to the extent that certain performance criteria based on
the Company's triple net asset value and total shareholder return are satisfied
over the Company's next three financial years commencing with the current
financial year;

2.   No consideration is payable on the grant of the Awards, but prior to the
issue or transfer of any shares that vest, a payment of par value per share is
required;

3.   A further 2,338,729 Awards were granted to senior employees of the
Company on 30 April 2008

4.   The Company has 211,971,299 Ordinary Shares of 2p each in issue;

5.   There are no shares held in treasury so the total voting rights in the
Company is therefore 211,971,299

6.   The Company now has a total of 10,842,784 Awards outstanding, under the
Terrace Hill Group plc Performance Share Plan, representing 5.1% of the issued
Ordinary Share Capital; and

7.   The notification of these Awards is intended to satisfy the Company's
obligations under the Financial Services Authority's Disclosure and Transparency
Rules




For further information please contact:

Miranda Kelly                                         Tel: [phone]
Terrace Hill Group Plc

Scott Richardson Brown                                Tel: [phone]
Oriel Securities Limited




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