Letting and Sale at Brabazon Office Park, Bristol

2 March 2012

TERRACE HILL GROUP PLC

("Terrace Hill" or the "Company")

Terrace Hill secures full occupation of Brabazon Office Park, Bristol, with final letting and sale

Terrace Hill Group (AIM: THG), a leading UK property development and investment group, announces that it has completed its final deals at Phase II of Brabazon Office Park, securing a further letting and sale on two units that together comprise 9,978 sq ft, meaning that the entire scheme is now occupied.

Terrace Hill has let the top floor of Unit 12, comprising 4,757 sq ft to Quest Engineering ltd on a 10 year lease at a rent of £15.50 per sq ft. It has also sold Unit 10, comprising 5,221 sq ft over two floors, to Fable Trading for a total consideration of £895,000. These two final deals follow a spate of lettings last year and bring about the full occupation of Brabazon Office Park, Terrace Hill's 2.70 acre office scheme located in Filton, North Bristol, which was built in two phases and comprises a total of 45,000 sq ft over a variety of self-contained buildings.

Philip Leech, Chief Executive of Terrace Hill, comments:

"These final transactions demonstrate the success of Terrace Hill in identifying and securing occupiers in a challenging market, and underline our belief that there continues to be demand for well-located, attractively priced, high quality stock."

-Ends-

For further information please visit www.terracehill.co.uk or contact:

Philip Leech/Jon Austen Tel. 020 7631 1666

Terrace Hill Group PLC

Gareth Price/Mark Young Tel: 020 7710 7600

Oriel Securities (Nominated Adviser)

Richard Sunderland/Olivia Goodall/Will Henderson Tel: 020 7831 3113

FTI Consulting [email protected]

Notes to editors:

Terrace Hill Group

Terrace Hill Group PLC is a regionally based UK property development and investment group quoted on AIM. Formed in 1986, the Company has five offices located in London, Glasgow, Teesside, Bristol and Manchester.