Re: HOCHTIEF Airport

TBI PLC
21 January 2004

THE FOLLOWING REPLACES THE TBI ANNOUNCEMENT RE: HOCHTIEF RELEASED TODAY AT 07.03
UNDER RNS NUMBER 4613U.



                                    TBI PLC

                             ('TBI' or 'the Group')



                             Re:  HOCHTIEF Airport



TBI notes the announcement made by HOCHTIEF AirPort GmbH ('HTA') today and
confirms that at no stage did HTA contact TBI to discuss a potential offer for
the Company.



                                                                 21 January 2004



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Charlie Batten

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Simon Bragg

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Justine Warren







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