X0202 3 2007-09-13 0 0000884892 Terra Nova Financial Group Inc TNFG 0001316550 Forest Hill Capital, LLC 100 MORGAN KEEGAN DRIVE SUITE 430 LITTLE ROCK AR 72202 0 0 1 0 Common Stock 2960193 I See Footnote The filing of this form 3 shall not be construed as an admission that Forest Hill Capital, L.L.C. ("Forest Hill") or Mark Lee, the manager of Forest Hill is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock of Terra Nova Financial Group, Inc. (the "Common Stock") purchased for the accounts of Forest Hill Select Fund, L.P. or Forest Hill Select Offshore, Ltd. Pursuant to Rule 16a-1, both Forest Hill and Mark Lee disclaim such beneficial ownership. Forest Hill holds indirectly 2,960,193 shares of Common Stock of Terra Nova Financial Group, Inc. through the accounts of Forest Hill Select Fund, L.P. and Forest Hill Select Offshore, Ltd., of which Forest Hill is the Investment Manager. As the general partner of Forest Hill Select Fund, L.P., Forest Hill receives a portion of the profits in the form of an asset-based fee and also receives a capital allocation from and owns a partnership interest in Forest Hill Select Fund, L.P. Forest Hill also receives a performance-based and asset-based fee for managing the assets of Forest Hill Select Offshore, Ltd. Mark Lee reports the shares held indirectly by Forest Hill because, as the manager of Forest Hill at the time of purchase, he controlled the disposition and voting of the securities. /s/Mark Lee, Manager of Forest Hill Capital, L.L.C. 2007-09-20 /s/Mark Lee 2007-09-20