Real Time Nostro Update

Gresham Computing PLC
11 October 2004

For immediate release:                                          11 October 2004

                             Gresham Computing plc
                                  ('Gresham')

                    CABLE & WIRELESS REAL TIME NOSTRO UPDATE

Gresham is pleased to report the following quote concerning the Real Time Nostro
Service taken from an update that Cable & Wireless has notified Gresham that it
intends to make later today, at the SIBOS conference and exhibition in Atlanta
USA:

'... continued momentum behind its Cable & Wireless Real Time Nostro (RTN)
service with the addition of another three banks that have agreed to become
providers. These new banks; Commonwealth Bank of Australia ('CBA'), National
Australia Bank ('NAB') and Standard Bank, South Africa ('SBSA'), bring the total
number of banks actively involved with the RTN service in either the 'live
user', 'implementation' or 'considering to implement' phase to thirty five.'

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

                                    - Ends -

For further information, please contact:

Gresham Computing plc
Andrew Walton-Green                                                01489 555500

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



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