Repurchase and Cancellation of Ordinary Shares

30 September 2010

Telford Homes Plc

('Telford Homes' or the 'Company')

Repurchase and cancellation of ordinary shares

Telford Homes announces that it has today repaid all outstanding loan notes in relation to the acquisition of Clifford Contracting Limited which took place on 23 June 2009.

As a result of the loan notes being repaid the Company has exercised its option to repurchase 1,130,089 ordinary shares in Telford Homes from the vendors of Clifford Contracting Limited for a total sum of £1. The Company has immediately cancelled these shares and as a result the total shares in issue have been reduced to 48,644,911.

Enquiries:

Telford Homes Plc

Andrew Wiseman, Chief Executive Tel: +44 (0) 1992 809800

Jon Di-Stefano, Financial Director Tel: +44 (0) 1992 809800

Shore Capital

Pascal Keane Tel: +44 (0) 20 7408 4090