Result of AGM

GRESHAM HOUSE PLC
Result of Annual General Meeting

At the Annual General Meeting of Gresham House plc (GHE.L), the property and
early-stage investment trust, held earlier today at the offices of Keith
Bayley, Rodgers & Co Limited, resolutions 1,2, 3, 8, 10 and 12 were duly
passed on a show of hands.

Resolutions 4,5,6,7 and 9 relating to the reappointment of non-executive
directors, Richard Lane, Tony Ebel, Nick Rowe and Tom Rowe, and granting
the directors authority to allot shares under section 80, respectively were
opposed by Parkwood but following a poll called at the request of Parkwood
each of the resolutions was passed and therefore those directors were duly
re-elected.

Resolution 11, which was proposed as a special resolution to give directors
authority to allot shares under section 95, was defeated.

Alfred Stirling, Chairman of Gresham House, commented:
     "We are pleased that the Board continues to have the majority support of its
     shareholders. We now look forward to welcoming Richard Chadwick, a former
     director of Sainsbury's property development company, onto the Board to
     advise the Trust on the best management of its existing property portfolio."

- ends -

Further information:
     Fred Stirling (Chairman  Gresham House) 020 7456 9600
     Toby Hall/Christian Pickel (gth media relations) 020 7153 8039/8035