Director Shareholding

Gresham House PLC
02 August 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Gresham House plc

2. Name of director

Alfred Patrick Stirling

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

Spouse of above-named

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

Mrs M T Stirling

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

Spouse

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

Purchase

7. Number of shares / amount of stock acquired

   547

8. Percentage of issued class

   0.01

9. Class of security

Ordinary 25p

10. Price per share

    292p

11. Date of transaction

30th July,2004

12. Date company informed

30th July, 2004

13. Total holding following this notification

    417,765

14. Total percentage holding of issued class following this notification

    8.65


15. Name of contact and telephone number for queries

B J Hallett 020 7588 7352

18. Name and signature of authorised company official responsible for making
this notification

B J Hallett - Director & Company Secretary

Date of Notification

2nd August, 2004

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