Interests in Shares

Gresham Computing PLC
27 May 2003


For immediate release                                               27 May 2003

                              Gresham Computing plc
                                ('the Company')

                               Interests in shares

The Company was notified today that J.P. Morgan Securities Limited, on behalf of
J.P. Morgan Chase & Co and its subsidiaries is interested in 4,997,300 ordinary
shares of 5p each representing 10.63% of the issued ordinary shares of the
Company. The holdings are held as follows:

Registered Holder:
JFEURCOM                                      32,000
JPMF Balanced Fund                             5,800
JPMFL Dedicated 009                           78,400
JPMFL UK Small Cap                            28,400
JPMF Premier Equity Income Fund               24,500
JPMF UK Smaller Companies                    160,800
Fleming Mercantile Investment Trust plc    4,600,000
Fleming Smaller Companies Investment Trust    67,400


                                    - Ends -


For further information, please contact:

Gresham Computing plc                                             01489 555500
Dean Osman, Finance Director

Weber Shandwick Square Mile                                      020 7067 0700
Christian Taylor-Wilkinson








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