Lock-in Arrangements Agreed

RNS Number:7829S
Tenon Group PLC
03 December 2003


                                Tenon Group PLC
                            ("Tenon" or "the Group")

                     Extended  Lock-in Arrangements agreed

The Board of Tenon Group PLC announces that it has agreed extended lock-in
arrangements with shareholders holding shares representing approximately 29% of
the issued share capital of Tenon.

These shares were originally issued as consideration to former partners of
acquired practices with a 3 year lock-in, restricting holders from selling such
shares.  The original lock-in arrangements terminated in full between 10 October
2003 and 7 November 2004, allowing holders to sell their shares after these
dates.

The revised lock-in arrangements now provide that, subject to the Tenon Board's
discretion, no shares will be sold before 1 November 2004.  After that date,
shares are released from the lock-in at six monthly intervals in 4 equal
tranches between 1 November 2004 and 30 April 2006.

Chairman of Tenon, Neil Johnson said:

"I am delighted we have negotiated the successful restructuring of the lock-in
arrangements.  Directors and key managers within Tenon have again demonstrated
their commitment to our strategies and to our future."


                                                                 3 December 2003


                               Notes to Editors:

Employees of the Group now hold approximately 39% of shares in issue, comprising
29% obtained on acquisition, 7% purchased on the disposal of part of its
corporate finance business on 27 March 2003 (which may not be traded until the
anniversary of that purchase) and a further 3% obtained through other purchases.


ENQUIRIES:

Tenon Group                                            Tel: [phone]
Andy Raynor, Chief Executive

College Hill                                           Tel:  [phone]
Kate Pope

KBC Peel Hunt                                          Tel: [phone]
Adam Hart


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