Holding(s) in Company

Gresham Computing PLC
21 March 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

GRESHAM COMPUTING PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

HERALD INVESTMENT TRUST PLC


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

HOLDING IN RESPECT OF HERALD INVESTMENT TRUST PLC


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

BNY (OCS) NOMINEES LIMITED



5)   Number of shares/amount of stock acquired.

500,000


6)   (1.07%) of issued Class

7)   Number of shares/amount of stock disposed



8)   (  %) of issued Class

9)   Class of security

ORDINARY SHARES OF 5P EACH


10)  Date of transaction

18 MARCH 2002


11)  Date company informed

21 MARCH 2002


12)  Total holding following this notification

1,775,000

               
13)  Total percentage holding of issued class following this notification

3.81%


14)  Any additional information



15)  Name of contact and telephone number for queries

DEAN OSMAN
01489 555510


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification     21 MARCH 2002


                   This information is provided by RNS
            The company news service from the London Stock Exchange