Holding(s) in Company

Gresham Computing PLC
3 July 2002


                  Gresham Computing plc
              ('Gresham' or 'the Company')

The  Company  announces that it has been  notified  today
that  J.P.Morgan  Securities, on behalf  of  The  Fleming
Mercantile Investment Trust plc has a beneficial interest
in  the  Company of 2,200,000 ordinary shares of 5  pence
each  representing  4.68% of the  issued  ordinary  share
capital.


For further information please contact:

Gresham Computing plc                        01489 555522
Andrew Walton-Green, Chief Executive
Dean Osman, Finance Director
www.gresham-computing.com

Weber Shandwick Square Mile                 020 7950 2855
Tim Jackaman                                


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