Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached:

 Gresham House plc

2. Reason for the notification (please place an X inside the appropriate
bracket/s):

An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are attached

3. Full name of person(s) subject to the notification obligation:

Pacific International Management Inc.

4. Full name of shareholder(s) (if different from 3.):



5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

18 January 2008

6. Date on which issuer notified:

23 January 2008

7. Threshold(s) that is/are crossed or reached:

Above 3%, Above 10%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE    Ordinary
Situation previous to the Triggering transaction
        Number of shares                                0
        Number of voting Rights                         0


Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE    Ordinary
        Number of shares                                0
        Number of voting rights                         Direct  0      indirect  0
        % of voting rights                              Direct  0      indirect  0


B: Financial Instruments
Resulting situation after the triggering transaction

Type of financial Instrument            Conditional purchase
Expiration date                         29/02/08
Exercise/conversion period/date         29/02/08
No. of voting rights that may be
acquired (if the instrument exercised
/converted)                             1,463,063
Percentage of voting rights             29.9%

Total (A+B)
Number of voting rights                 1,463,063
% of voting rights                      29.9%


9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable :

N/A

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Margrit Cornillie

15. Contact telephone number:

 0041 62 962 0000

23 January 2008