Issue of Equity

Gresham Computing PLC
20 June 2005


For immediate release                                               20 June 2005

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

The Company announces that following the exercise of executive share options,
150,000 new ordinary shares of 5p each have been issued today, taking the total
number of outstanding ordinary shares of 5p each to 49,804,280.

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
24 June 2005.

                                     -ends-


For further information, please contact:

Gresham Computing plc                                [phone]
Chris Errington, Finance Director

Financial Dynamics                                   [phone]
James Melville-Ross
Cass Helstrip


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