Issue of Equity

Gresham Computing PLC
09 September 2002

For immediate release                                           9 September 2002

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

                          Issue of new ordinary shares


The Company announces that following the exercise of an SAYE option, 10,627 new
ordinary shares of 5p each have been allotted and issued today, taking the total
number of outstanding ordinary shares of 5p each to 46,990,940.

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
13 September 2002.

                                     -ends-


For further information, please contact:

Gresham Computing plc                                              01489 555522
Dean Osman, Finance Director

Weber Shandwick Square Mile                                        020 7950 2800
Christian Taylor-Wilkinson



                      This information is provided by RNS
            The company news service from the London Stock Exchange