Corporate loan facility increased by £20 million

Telford Homes Plc

("Telford Homes" or the "Company")

Corporate loan facility increased by £20 million

Telford Homes Plc (AIM:TEF), the London-focused residential property developer, is pleased to announce that the Company has successfully negotiated an increase in its corporate loan facility from £70 million to £90 million with its three existing banks.

Since signing the three and a half year facility in March 2011, other debts across the Group have been significantly reduced and the Company has delivered against sales and profit forecasts. The ability to increase the facility, despite the challenging conditions within the banking sector, demonstrates the banks' confidence in the Company's strategy as well as the overall strength of the London property market.

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