Issue of Equity

Gresham Computing PLC
04 August 2005

For immediate release              4 August 2005


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

The Company announces that following the exercise of SAYE share options, 26,510
new ordinary shares of 5 pence each have been issued today, taking the total
number of outstanding ordinary shares of 5 pence each to 50,253,727.

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
10 August 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
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