RNS Number:4615U
TBI PLC
21 January 2004

THE FOLLOWING REPLACES THE TBI ANNOUNCEMENT RE: HOCHTIEF RELEASED TODAY AT 07.03
UNDER RNS NUMBER 4613U.



                                    TBI PLC

                             ("TBI" or "the Group")



                             Re:  HOCHTIEF Airport



TBI notes the announcement made by HOCHTIEF AirPort GmbH ('HTA') today and
confirms that at no stage did HTA contact TBI to discuss a potential offer for
the Company.



                                                                 21 January 2004



ENQUIRIES:


Dresdner Kleinwort Wasserstein                       Tel:  020 7623 8000
Charlie Batten

Oriel Securities                                     Tel:  020 7710 7600
Simon Bragg

College Hill                                         Tel:  020 7457 2020
Justine Warren







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