Issue of Equity - exercise of options

Gresham House plc

Exercise of options

Gresham House plc announces that following the exercise of options on 24th  July
2008  under  the  Company's Approved Share Option Scheme  it  has  issued  5,000
Ordinary Shares of 25p each at 337.5p.

Application  is  being  made to the UK Listing Authority  for  these  5,000  new
Ordinary Shares to be admitted to the Official List and to trading on the London
Stock  Exchange's  market for listed securities.  It is hoped that  dealings  in
these shares can begin on Monday 4th August 2008.

As  a  result of the above the issued share capital of the Company has increased
to 4,881,880 ordinary shares of 25p each.

Enquiries:

B J Hallett
Gresham House plc

020 7456 9600

29th July 2008