Directorate change

GRESHAM HOUSE PLC ("GRESHAM HOUSE") - BOARD CHANGES

Gresham  House (LSE: GHE) announces that at the General Meeting of  shareholders
held  yesterday at the offices of Keith Bayley Rogers & Co Limited, the  meeting
was adjourned sine die.

At  a  subsequent meeting of the Board, the resignations of Mr Alfred  Stirling,
Mr  Nicholas  Rowe,  Mr Thomas Rowe and Mr Richard Lane were  accepted  and  the
following were appointed as directors: Mrs Rosemary Chopin-John, Mr Derek Lucie-
Smith  and  Mr  John  Lorimer.  In addition, Mr Antony Ebel was  appointed  non-
executive Chairman, Mr Derek Lucie-Smith as Chief Executive Officer and Mr  John
Lorimer as Property Director.  Brian Hallett continues as Finance Director.

Mr Tony Ebel, Chairman of Gresham House, stated:
     "I would like to thank Mr Alfred Stirling, Mr Nicholas Rowe, Mr Thomas Rowe
     and  Mr Richard Lane for their willingness to tender their resignations  as
     directors  so  as to avoid any further conflict between major  shareholders
     that  could only adversely affect the Company.  The new Board looks forward
     to working together for the benefit of all shareholders."

Full details of the new directors will be announced shortly.

-    ENDS -


Further information:
Brian Hallett      (Gresham House) 020 7456 9600
David Facey    (S P Angel)    020 7647 9650
Toby Hall  (GTH Communications) 020 7153 8039