RNS Number:4260T
Gresham House PLC
18 December 2003


                              Gresham House plc

                         36 Elder Street, London E1 6BT


Gresham House plc - Exercise of options

Gresham House plc announces that following the exercise of options on 18th
December, 2003 under the Company's Unapproved Share Option Scheme, it has issued
a further 100,000 Ordinary Shares of 25p each at 25p.

Application is being made to the UK Listing Authority for these 100,000 New
Ordinary Shares to be listed on the Official List of the London Stock Exchange
and it is hoped that dealings in these shares can begin on Monday 12th January,
2004 latest.

Enquiries:

B J Hallett
Gresham House plc 020 7588 7352

18th December, 2003



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