THG Thg Plc

RNS Number:9418B
Terrace Hill Group PLC
13 August 2004


For immediate release                                             13 August 2004


TERRACE HILL GROUP PLC ("the Group" or "Terrace Hill")

Repurchase of Shares


Terrace Hill has today implemented the buy back of shares for cancellation which
was approved by shareholders at an Extraordinary General Meeting of the Group
held on 5 August 2004. Terrace Hill has therefore today re-purchased 1,410,022
ordinary shares of 2p nominal value at a price of 28p per share. Following
completion of this buy back, the Company has 185,823,377 ordinary shares of 2p
nominal value in issue.


For further information please contact:

Mandy Kelly, Terrace Hill Group plc, 0141 332 2014
Nick Athanas, Noble & Company Limited, 0131 225 9677


Notes to Editors:

Terrace Hill Group PLC is an AiM traded Property Group.  It has two divisions
(1) Commercial Development where the current development programme is around
#500 million, with approaching #200 million underway and #300 million projected
and (2) Residential Investment where it holds 535 units in Scotland and the
North of England.  Terrace Hill recently reported an increase of #18.986 million
(40.80%) in Net Asset Value to #65.5 million in the half year to 30 April 2004,
contributed to by a placing with institutional shareholders of #8.128 million,
and at the same time announced a doubling of dividend.


END

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

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