Notice of EGM Issue of Circulat & Notice of...

GRESHAM HOUSE PLC

                       ISSUE OF CIRCULAR AND NOTICE OF EGM

Gresham  House  plc ("the Company) announces that, further to  its  announcement
issued  on 3 December 2007 and in accordance with the requisition received  from
IFT Nominees Limited acting as nominees for Parkwood Property Investments LLP, a
Circular convening a General Meeting of the Company, to be held at 12.00  midday
on 21 January 2008, is being posted to shareholders today.

The Circular contains a letter from the Company, a letter from Parkwood Property
Investments  LLP  and Notice of a General Meeting at which resolutions  will  be
proposed for the removal of Mr A P Stirling, Mr R E Lane, Mr A G Ebel and Mr N J
Rowe as directors of the Company with immediate effect and the appointment of Mr
S  Beart, Mr D Lucie-Smith and Mr R Maxted as directors of the Company also with
immediate effect.

The  Board  of  Gresham considers that the resolutions to  be  proposed  at  the
General  Meeting are not in the best interests of shareholders as  a  whole  and
unanimously recommend shareholders to vote against the all the resolutions to be
proposed at the General Meeting.

Copies of the Circular have been delivered to the UK Listing Authority and  will
shortly  be  available  for  inspection at the UK Listing  Authority's  Document
Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel No. [phone]



24 December 2007

Further information:

AP Stirling (Chairman Gresham House plc)     020 7456 9600

Toby Hall (gth media relations)              07713 341072