Disposal Update

Gresham Computing PLC
25 June 2001


                                
       COMPLETION OF THE FIRST TRANCHE OF THE DISPOSAL OF
                        SIM GROUP LIMITED
                               
                               
The Directors are pleased to announce that, following the passing
of  the  resolution to approve the disposal of the entire  issued
share  capital  of  SIM Group Limited, formal completion  of  the
disposal  of  50 per cent. of the issued share capital  plus  one
controlling share of SIM Group Limited took place earlier today.


For further information, please contact:

Gresham   Computing  plc                             01489 555522
Andrew Walton-Green, Chief Executive
Dean Osman, Finance Director

Square Mile BSMG Worldwide                          0207 601 1000
Edward Macquisten or Sally Lewis