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 June, 2007:-

                                       Market           % of
                                        Value      Portfolio
                                        £'000
UK Listed Securities
Welsh Industrial Investment Trust plc   1,575          10.33

Overseas Listed Securities
Mount Burgess Mining N.L.                 267           1.75

Securities dealt in under AIM
Egdon Resources plc                       664           4.35
Hallin Marine Subsea International plc  2,294          15.05
Image Scan Holdings plc                   639           4.19
Avesco Group plc                          519           3.41
OCZ Technology Inc                        330           2.16
Plus Markets Group plc                    880           5.77
SpaceandPeople plc                      2,540          16.66
Transense Technologies plc                465           3.05
                                       ------          -----
                                       10,173          66.72
                                       ======          =====

B J Hallett
Director & Company Secretary
Gresham House plc

Telephone:     [phone]

3rd July, 2007