Issue of Equity

Telford Homes Plc

("Telford Homes" or the "Company")

Issue of Equity

The Company announces that it has, today, made application to the London Stock Exchange for the admission to trading on AIM of 355,089 new Ordinary Shares of 10p each to satisfy the requirements of the 2010/11 Share Incentive Plan.

The new shares are expected to be admitted to trading on AIM on 29 March 2011.

Following this admission the Company's share capital and Total Voting Rights comprises 49,000,000 Ordinary Shares of 10p and the Company does not hold any shares in treasury. Consequently, 49,000,000 is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Telford Homes under the FSA's Disclosure and Transparency Rules.

Enquiries:

Telford Homes Plc

Andrew Wiseman / Jon Di-Stefano 01992 809800

Shore Capital

Pascal Keane 020 7408 4090