Share Buyback

Terrace Hill Group PLC
05 July 2004



For embargoed release 7am                                         5 July 2004





Terrace Hill Group plc ('the Company')


Share Buy Back


The Company announces that they are today issuing to shareholders the
documentation, including the Form of Tender, in respect of a proposed buyback of
up to 2,000,000 ordinary shares of 2p nominal value at a price of 28p per share.


The record date for the entitlement to tender shares to the Company and the
closing date for tenders are both 12 noon on Tuesday 20 July 2004.


Tenderers of shares pursuant to the proposal will not be entitled to the interim
dividend for the half-year of 0.3p per share announced today for which the
record date is 13 August 2004.


The buyback is conditional upon approval by members at an Extraordinary General
Meeting to be held at 12 noon on 5 August 2004. The notice convening the meeting
is also being issued to shareholders today.





Contact: Alasdair Robinson, Noble & Company Limited   0131 225 9677



End


                      This information is provided by RNS
            The company news service from the London Stock Exchange