Thg Regulatory News (THG)

8 December 2010

TERRACE HILL GROUP PLC

("Terrace Hill" or the "Company")

Directorate change

Terrace Hill Group plc (AIM: THG), the UK property development and investment group, announces the appointment of Mrs Annette Julie Green ("Julie"), aged 51, as non-executive director of the Company, with effect from 8 December 2010.

Julie is a founder and Managing Partner of Lowndes Partners, LLP, and is responsible for corporate finance advice and public/private capital market activities in Europe, the Middle East and Asia. Julie has been active in corporate finance for over twenty years and worked previously at Jones Lang LaSalle and Lazard.

Disclosures for the purposes of AIM Rule 17 and Schedule 2 (g) of the AIM Rules are set out in the Appendix below.

For further information:

Terrace Hill Tel: 020 7631 1666

Phillip Leech/Jon Austen

Oriel Securities (Nominated Adviser) Tel: 020 7710 7600

Tom Durie/Gareth Price

Financial Dynamics Tel: 020 7831 3113Stephanie Highett/Richard Sunderland

Appendix

The Company formally discloses the following as required by Rule 17 of the AIM Rules in relation to Mrs Green

Current directorships or partnerships:

Lowndes Partners, LLP

Past directorships within the past five years:

Jones Lang LaSalle Corporate Finance Limited

Albourne General Partners Ltd

Albourne Nominee Ltd

Driffield Cattle Market Company Limited

Easter Development Partnership Nominee Limited

Easter Development Partnership General Partner Limited

Terrace Hill Development Partnership General Partner Limited*

Terrace Hill Development Partnership Nominee Limited*

Terrace Hill Redditch Limited*

Terrace Hill Redditch Development Partnership General Partner Limited*

Terrace Hill Redditch Nominee Limited*

Terrace Hill Retail Partnership Limited*

Terrace Hill Retail Partnership General Partner Limited*

Devcap Partnership 2 Nominee Limited*

Devcap Partnership 2 General Partner Limited*

Devcap Partnership Limited*

* As a result of Jones Lang LaSalle's equity investments, Jones Lang LaSalle nominated directors to the board of these companies and Mrs Green was appointed as one of its representatives in each case.