Issue of Equity

Gresham Computing PLC
11 March 2003




For immediate release                       11 March 2003


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

The Company announces that following the exercise of SAYE
options, 15,705 new ordinary shares of 5p each have  been
issued  today,  taking  the total number  of  outstanding
ordinary shares of 5p each to 47,025,939.

The  new  ordinary  shares will rank pari  passu  in  all
respects  with the existing issued shares.    Application
has  been  made to the UK Listing Authority to admit  the
new  ordinary  shares.   Trading in  the  new  shares  is
expected to commence on 14 March 2003.


                         -ends-

For further information please contact:


Gresham Computing plc                        01489 555500
Dean Osman, Finance Director    www.gresham-computing.com


Weber Shandwick Square Mile                 020 7067 0745
Christian Taylor-Wilkinson




                      This information is provided by RNS
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