Portfolio Update

Gresham House plc

36 Elder Street, London E1 6BT


Listing Rule 21.20(l)(ii)

In  accordance with 21.20(l)(ii) of the Listing Rules we detail below a list  of
the 10 largest investments (which include all those with a value greater than 5%
of the portfolio) as at 30th September, 2007:-

                                          Market           % of
                                           Value      Portfolio
                                           £'000
UK Listed Securities
Welsh Industrial Investment Trust plc      1,663          10.35

Overseas Listed Securities
Mount Burgess Mining N.L.                    304           1.90

Securities dealt in under AIM
Avesco Group plc                             508           3.17
Egdon Resources plc                          611           3.80
Hallin Marine Subsea International plc     3,811          23.73
OCZ Technology Inc                           271           1.68
Plus Markets Group plc                       704           4.38
SpaceandPeople plc                         2,778          17.30
Transense Technologies plc                   350           2.18

Securities dealt in under PLUS Market
Wheelsure Holdings plc                       360           2.24
                                          ------          -----
                                          11,360          70.73
                                          ======          =====

B J Hallett
Director & Company Secretary
Gresham House plc

Telephone:     [phone]

2nd October, 2007