Director Shareholding

Terrace Hill Group PLC
29 September 2003

TERRACE HILL GROUP PLC ('the Company')



DIRECTOR SHAREHOLDING



The Company announces that it was notified today that Mr Robert Adair, Chairman
of the Company, has today purchased 50,000 Shares in the Company at a price of
25p each.  The interest of Mr Adair and connected parties in the share capital
of the Company has increased from 128,273,549 (83.31%) to 128,323,549 Shares
(83.34%).



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



Contacts:



Alasdair Robinson, Noble & Company Limited             0131 225 9677




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