Statement re Debt refinancing

Gresham House plc ("the Company")
                             Debt Refinancing Update

As  reported  in the 2008 preliminary results on 29 April 2009, the Company  has
been  negotiating  the  refinancing of its total bank loan  portfolio  of  £17.9
million.  At  that  time, the Co-op had agreed to extend its existing  loans  on
Southern  Gateway and Northern Gateway for a further three years and  the  Board
was optimistic that the remaining loans would be refinanced by The Royal Bank of
Scotland ("RBS").

The  Company  is now pleased to announce that RBS has agreed to  extend  the
facilities on both Curtis Road, Dorking and Sugarich, Knowsley for a  further  2
years  and  also  provide an additional facility to replace the previous  Morgan
Stanley  loan  for  a  period  of 3 years. As a result  all  the  required  loan
facilities are now in place.

21 August 2009

Enquiries:

Gresham House plc        020 7590 7500
Brian Hallett, Finance Director and Company Secretary

Evolution Securities     020 7071 4300
Jeremy Ellis / Chris Clarke