Holding(s) in Company

Gresham Computing PLC
26 July 2002


                  Gresham Computing plc
              ('Gresham' or 'the Company')

The  Company  announces that it has been  notified  today
that  J.P.Morgan Securities Ltd, on behalf of The Fleming
Mercantile  Investment Trust plc has acquired  a  further
beneficial  interest in the Company of  215,000  ordinary
shares  of 5 pence each representing 0.46% of the  issued
ordinary share capital.  The total beneficial interest of
J.P.Morgan  Securities  Ltd, on  behalf  of  The  Fleming
Mercantile Investment Trust plc is now 3,485,000 ordinary
shares  of 5 pence each representing 7.42% of the  issued
ordinary share capital of the Company.


For further information please contact:


Gresham Computing plc                        01489 555522
Dean Osman, Finance Director    www.gresham-computing.com


Weber Shandwick Square Mile                 020 7950 2800
Tim Jackaman


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