RNS Number:2367S
Telford Homes PLC
19 November 2003



FOR IMMEDIATE RELEASE

                               Telford Homes Plc
                       ("Telford Homes" or the "Company")

                              Directors' interests


As highlighted in the Company's interim results statement announced earlier
today, certain directors of the Company are increasing their interest in the
Company's equity through their acquisition of ordinary shares of 10p each in the
Company ("Ordinary Shares") from Andrew Wiseman and James Furlong, founder
directors.


Pursuant to agreements dated 19 November 2003 for the sale of Ordinary Shares 
('Sale Agreements'), Sheena Ellwood, Mark Duffield and Jon Di-Stefano, all
directors of the Company, and John Fitzgerald, a member of the senior management
team, have today each acquired 100,000 Ordinary Shares from Andrew Wiseman and
James Furlong who have today each sold 200,000 Ordinary Shares.  The price at
which the Ordinary Shares were traded was 115p per share.



Under the terms of the Sale Agreements, the purchases of Ordinary Shares have
been satisfied by an initial payment of 7p per share with the balance due to be
paid by 19 November 2008 and, in the event that the buyer wishes to reverse the
transaction, the shares acquired will revert to the seller and any sums paid by
the buyer will be repaid.



The resulting interests of these directors in the issued share capital of the
Company are as follows:




Director                      No of Ordinary No of Ordinary Shares   Resulting holding of      Percentage of
                             Shares acquired              disposed        Ordinary Shares       issued share
                                                                                                     capital
Andrew Wiseman                             -               200,000              2,341,093              9.30%
James Furlong                              -               200,000              1,207,760              4.80%
Jon Di-Stefano                       100,000                     -                106,000              0.42%
Sheena Ellwood                       100,000                     -                110,000              0.44%
Mark Duffield                        100,000                     -                112,000              0.44%



19 November 2003



Enquiries:



Telford Homes
Andrew Wiseman, Chief Executive             020 8498 6789
Jon Di-Stefano, Financial Director



Shore Capital
Alex Borrelli, Jonathan Nelson              020 7408 4090



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

RDSGUGUWGUPWGUB