Director Shareholding

Terrace Hill Group PLC
27 March 2003

TERRACE HILL GROUP PLC (the 'Company')

DIRECTORS' SHAREHOLDINGS


1.   Nigel James Cavers Turnbull, Joint Managing Director of the Company, has
     today purchased 40,000 Shares (0.03%) at a price of 17.0p each.


2.   Kenneth Wright Grundy, Director of the Company, has also today purchased
     10,000 Shares (0.01%) at a price of 17.0p each

Both Directors have no other holdings in the Company.

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



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