Progress on Cable & Wireless

Gresham Computing PLC
18 June 2004

                  PROGRESS ON CABLE & WIRELESS REAL TIME NOSTRO
                             Gresham Computing plc
                                   ('Gresham')
18 June 2004

Gresham reports that Cable & Wireless today provided an update on progress on
its Cable & Wireless Real Time Nostro (RTN) service. Cable & Wireless reported
that Royal Bank of Scotland and Santander Central Hispano are now live on the
service and that Citibank, the largest provider of payment information in more
than 100 currencies, has agreed to provide data into RTN.

Andrew Walton-Green, Chief Executive Officer of Gresham, commented:

'We are pleased with the continued momentum and industry support for Cable &
Wireless Real Time Nostro. We believe that this news demonstrates the continued
progress that Cable & Wireless Real Time Nostro is making towards becoming an
industry standard.'

A full copy of the Cable & Wireless press release will in due course be
available from the Cable & Wireless Real Time Nostro website at www.cw.com.

                                    - Ends -

For further information, please contact:

Gresham Computing plc
Andrew Walton-Green                                        0207 653 0228

Weber Shandwick Square Mile, for Gresham
Christian Taylor-Wilkinson                                 020 7067 0700




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