Directorate Change

Gresham Computing PLC 29 April 2008 Embargoed until 07.02 HRS (BST) 29 April 2008 29 April 2008 Directorate Changes Gresham Computing plc (the 'Company' or 'Gresham') Gresham is pleased to confirm the appointment of Eric Sepkes as Executive Chairman with immediate effect. Eric is a very well known figure in the global banking community, with particular interests in international payments, cash management and trade finance. Eric completed 38 years with Citigroup where he held various management positions, including Operations and Treasury and Cash Management, and most recently held a senior strategic role in Global Transaction Services. Eric has been involved in Payment Infrastructures since 1985, when he was responsible for managing Citibank's entry into CHAPS (Clearing House Automatic Payment System) where he was director for 12 years and Chairman for 3 years. He was Chairman and Deputy Chairman of the Euro Banking Association between 1994 and 2005. He was the founder and coordinator of the European Payments Group (formerly Heathrow Group) and was a member of both APACS (the UK trade association for payments and for those institutions that deliver payment services to customers) and the European Council. Latterly he was a member of APACS Senior Sponsors Committee for Faster Payments in the UK. Eric is a well known industry speaker and event chairman retaining key roles at many industry events including International Payments Systems week and the Supply Chain Management Forum. There are no other matters required to be reported pursuant to LR9.6.13 (1) to (6) inclusive. Gresham confirms that Alan Howarth has now stepped down from his position as Chairman and Director as was previously indicated in our preliminary announcement issued today. Commenting on his appointment, Eric Sepkes, Chairman, said 'I am delighted to join the Board of Gresham at this point of flux in world markets because with change, comes opportunity. We are in an age where demand for real-time information is clear and yet largely unfulfilled in many areas of both the banking and corporate markets. I am excited to be taking on this new challenge and joining a team that has a track record of innovation, development and delivery of market leading real-time financial solutions. Gresham has done the heavy lifting in getting these solutions to market and I now intend to rapidly increase Gresham's profile and ensure that the demands for real-time financial information are met.' Andrew Walton-Green, CEO of Gresham, commented 'Our movement from a largely licensed based sales model to selling software as a service is now starting to pay off. We made solid progress in taking our core solutions to market and we have made a solid start to 2008. I am delighted that Eric has joined Gresham. His knowledge and experience in financial markets is renowned and the whole team is excited at the opportunity to focus our attentions on fulfilling the growing demand for our solutions.' 'I would like to thank Alan Howarth on behalf of myself and the Board for his assistance over the years in steering the business through some key changes, including the launch of core technologies, and for assisting us in bringing Eric onto the Board.' -ends- For further information, please contact: Gresham Computing plc Andrew Walton-Green, CEO +44 (0) 20 7653 0200 This information is provided by RNS The company news service from the London Stock Exchange
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