Result of AGM

Result of AGM

Gresham House plc

Gresham House plc (“the Company”)

Results of AGM

The Board of Gresham House plc is pleased to announce that all resolutions proposed at the Company’s AGM held today were duly passed.

Tony Ebel, Chairman of the Company, updated shareholders present at the meeting and advised that since the release of the Interim Management Statement on 10 May 2013 negotiations with a tier1 retailer (correct terminology?) for part of the site at Newton-le-Willows had ceased and this may have an impact on the valuation of this site. [In addition – comment on Memorial Holdings?]

With regard to the orderly realisation of the group’s assets Mr Ebel stated that this was well underway but taking longer than originally anticipated. All options, including liquidation, are constantly being reviewed by the Board with the intention of putting a proposal for the future of the Company to shareholders by June 2014. [The necessary taxation advice will be sought prior to any proposal being issued?] As part of the winding down process all costs are being reviewed and the directors of the Company have agreed that with effect from 31 March 2014 the notice period stated in their respective contracts will be reduced from the present 12 months to 2 months.

Copies of the resolutions and details of the proxy votes received by the Company before the AGM in respect of each resolution will shortly be available from the Company’s website www.greshamhouse.com

Enquiries:

Gresham House plc

Derek Lucie-Smith Chief Executive Officer 020 7592 7020

Brian Hallett Finance director and Company Secretary 01489 570861

Westhouse Securities

Richard Johnston 020 7367 9073

21 May 2013