Statement re Board Update

Statement re Board Update

Gresham House plc

GRESHAM HOUSE PLC (“the Company”)

25th July 2013

Board update

In line with the stated strategy of orderly realisation of the group’s assets and in order to reduce its cost base, the Company has today served notices to terminate the service contracts and letters of appointment of each of its executive and non-executive directors. In accordance with the contractual notice periods, the service contracts and letters of appointment will terminate on 31 July 2014.

The Board continues to work towards an orderly disposal of all investments and properties. However, should this not be achieved by 31 July 2014, it is currently expected that some or all of the directors will continue to provide their services to the Company on a short term basis on terms to be agreed.

Enquiries:

Gresham House plc

Derek Lucie-Smith, Chief Executive Officer 020 7592 7020

Brian Hallett, Finance Director and Company Secretary 01489 570 861

Westhouse Securities Limited 020 7601 6100

Richard Johnson / Antonio Bossi