Issue of Equity

Gresham Computing PLC
05 July 2005

For immediate release                                                5 July 2005

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

The Company announces that following the exercise of SAYE share options, 344,818
new ordinary shares of 5p each have been issued today, taking the total number
of outstanding ordinary shares of 5p each to 50,149,098.

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
11 July 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