Director Shareholding

Terrace Hill Group PLC
31 October 2002

TERRACE HILL GROUP PLC (the 'Company')

DIRECTOR SHAREHOLDING

Thomas G Walsh, Director of the Company, has today purchased 10,000 Shares at a
price of 13.75p each representing 0.006% of the issued share capital of the
Company.

The Shares referred to in the announcement are the issued Ordinary Shares of 2p
each in the Company.


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