Directorate Change

Gresham House PLC
28 June 2004


                               GRESHAM HOUSE plc

                         36 Elder Street, London E1 6BT


The directors of Gresham House plc are pleased to announce the appointment of Mr
Richard Lane OBE FCA to the Board as a non executive director with immediate
effect.

Richard Lane, aged 60, is a qualified accountant who retired as senior partner
of the Bromley office of BDO Stoy Hayward on 31st December, 2003 but has been
retained by that firm as a consultant. He has specialised in advising a varied
portfolio of businesses, including Owner-managed and Family-owned businesses and
a number of small quoted companies and was closely involved in that firms
initiative 'Specialist Advisers to Growing Businesses' developing strategies for
meaningful and sustainable growth.

Mr Lane has not held any directorships in any other publically quoted company at
any time in the previous 5 years and neither has he any unspent convictions nor
been the subject of any public criticisms by statutory or regulatory authorities
or bankruptcy proceedings or individual voluntary arrangements.

The Gresham Board believes that Richard Lane will make a valuable contribution
to the Group's activities particularly in the area of unquoted investments. Mr
Lane will also chair the Audit Committee.


B J Hallett
Director & Company Secretary
Gresham House plc
Telephone [phone]

28th June, 2004



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