Director/PDMR Shareholding

SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1. Name of company
Gresham House plc

2. Name of director
Brian James Hallett

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Shareholder named in 2 above and spouse

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Mr B J Hallett and Mrs L A Hallett

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
Director named in 2 above and spouse

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
Sale

7. Number of shares/amount of stock disposed
5,000

8. Percentage of issued class
0.10

9. Class of security
Ordinary 25p

10. Price per share
362.50p

11. Date of transaction
20th December, 2005

12. Date company informed
20th December, 2005

13. Total holding following this notification
127,810

14. Total percentage holding of issued class following this notification
2.62

15. Name of contact and telephone number for queries
B J Hallett 020 7588 7352

25. Name and signature of authorised company official responsible for making
this notification
B J Hallett - Director & Company Secretary

Date of Notification
21st December, 2005