RNS Number:8001J
Hanover Capital Group PLC
08 April 2003



               Hanover Capital Group Plc ("Hanover" or the "Company")

            Re: Share Issue to Finnish Consortium ("The Consortium")

The board of Hanover Capital Group Plc ("the Company") announces the issue of
844,206 New Ordinary Shares of 1p each together with 84,420 'A' warrants and
84,420 'B' warrants, to the Consortium in accordance to an obligation that has
arisen from a loan agreement ("the Agreement") dated 2 October 2002.  Under the
Agreement, Hanover issued 2,814,024 New Ordinary shares of 1p each in part
payment of an historical long term loan on 11 December 2002 together with
2,814,024 ' A' warrants and 2,814,024 'B' warrants.  The repayment was made to
certain former investors and also to former directors who resigned following the
Company's EGM on 30th October 2002, where it was agreed that the name of the
Company would be changed from Tera Group PLC to Hanover Capital Group Plc.

Under the Agreement, the Company had a requirement to issue further shares to
the Consortium if certain conditions, in respect of the Company placing these
shares, were not met within 90 days following the EGM.  These conditions have
not been met and accordingly the Company is now required to issue the
aforementioned shares.  Application has been made to admit the 844,206 New
Ordinary shares of 1p each to trading on AIM and dealings are expected to
commence shortly.


For further information, please contact:

Ana Ribeiro/Simon Robinson, Parkgreen Communications        Tel: 020 7287 5544

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