RNS Number:2663J
Tenon Group PLC
27 March 2003





                                Tenon Group PLC

                           ("Tenon" or "the Company")

                         Corporate Finance Restructuring



In Tenon's preliminary results statement of 26 March 2003, reference was made to
the Company's restructuring of its corporate finance activities into a cohesive
division integrated within the Tenon Group.



As part of the restructuring process, Tenon has reached agreement for some
members of the management of its subsidiary, Tenon Livingstone Guarantee PLC ("
TLG"), to acquire parts of TLG in two separate transactions.  One transaction
involves the London TLG operations and includes the purchase from Tenon of the
trading name of Livingstone Guarantee.  The other transaction involves selected
parts of the TLG operations in the Midlands and the North of England.



The total turnover attributable to the corporate finance businesses being
disposed of is estimated by the Directors of Tenon to represent approximately
#7.8 million in the year to 31 December 2002, part of a total Tenon corporate
finance turnover of approximately #10 million.  The total net cash consideration
for the two transactions will amount to #1.0 million with up to a further #1.1
million receivable by Tenon from future trading of the businesses.  The
corporate finance businesses being sold did not contribute significantly to the
profits of the Tenon Group in the year to 31 December 2002.



The cash consideration for the two transactions is being provided partially from
the sale of Tenon shares by the purchasers of the businesses and for this
purpose they are being released from any lock-up provisions that attach to their
Tenon shares.  The shares that are being sold for this purpose are being
acquired by employees of the Tenon Group at the closing mid-market Tenon share
price of 10.25 pence yesterday 26 March 2003.



These transactions and the associated restructuring of the remaining corporate
finance business within Tenon will realign the business more firmly within the
Group's business model and create stronger service relationships across the
client base.



By retaining a core and dedicated corporate finance team, Tenon reaffirms its
commitment to being the leading business adviser to the owner-managed
marketplace.



                                                                   27 March 2003



ENQUIRIES:


Tenon Group PLC                                               Tel: 020 7499 1666
Andy Raynor - chief executive
College Hill                                                  Tel: 020 7457 2020
Kate Pope











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